Walmart to Hire 20,000 Workers For Holidays, Amazon to Hire 100,000 New Employees and Investment Firm KKR Buys 1-800 Contacts for Over $3B
Walmart to Hire 20,000 Workers For Holiday Packing
Walmart said it will hire 20,000 seasonal employees who will help pack and ship online purchases at its fulfillment centers as it anticipates more holiday shopping to shift online during the COVID-19 pandemic. It marks the first time in five years that the big-box retailer has announced significant holiday hiring. The company is adding the seasonal workers, even after its pandemic-fueled spree. Since March, it has hired over 500,000 employees across its U.S. stores and supply chain to keep up with demand for a wide range of items, from groceries to bicycles. “Over the past six months, our customers have been shopping differently, and we expect that will continue into the most important shopping season of the year — the holidays,” said Scott McCall, chief merchandising officer of Walmart U.S. “We’ve heard from our customers that many plan on starting their holiday shopping well before Black Friday, and that they’re looking for gifts that fit their current lifestyle.”
What stood out to us? Hopefully we won’t see holiday decorations in stores before Halloween.
Amazon to Hire 100,000 New Employees in U.S and Canada
Amazon Inc. is hiring 100,000 full and part time employees across the United States and Canada, offering starting wages of at least $15 an hour, the latest announcement in the Seattle-based ecommerce giant’s hiring spree. The new jobs include benefits and sign-on bonuses of as much as $1,000 in select cities and access to training programs, the company said in a statement. This is an addition to the 33,000 corporate and technology employees the Seattle-based ecommerce giant announced last week. Amazon has been adding jobs globally as its business and market valuation have soared, increasing numbers of full and part-time employees by about 10% to 876,800 in the first six months of 2020.
What stood out to us? Evil corporate giant hires mass numbers of people during the biggest recession in history.
Investment Firm KKR Buys 1-800 Contacts for Over $3B
Investment giant KKR & Co. Inc. agreed to buy online contact lens retailer 1-800 Contacts Inc. from its previous owner AEA Investors LP. 1-800 Contacts and KKR didn’t disclose the transactions financial terms, however, people familiar with the matter said the deal values 1-800 Contacts at over $3 billion. “They spent a lot of time investing in telemedicine solutions,” Felix Gernburd, a managing director at KKR, told Bloomberg News. “When shelter-in-place orders were restricting movement, 1-800 Contacts was one of the few places you could go to get your contacts.” The number of people using the retailer’s two online eye-exam apps at least tripled at the peak of the coronavirus-related shutdowns, the statement says.
What stood out to us? Online eye-exam app? Convenience and delivery? How can we replicate this across other areas of healthcare?
In the headlines
- Remaining strong: Digital remains strong and growing for Nike.
- Stitching: Stitch Fix's revenue grows 8.5% in FY 2020 but ends the year with a loss.
- Growing: California LightWorks grows ecommerce sales from the ground up.
Before you go
Average order value and conversion rates decrease in Q2 2020.
Fulfillment in 2020: How online retailers adjust their shipping operations
B2B buyers won't be rushed into making a complex digital purchase.
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