Amazon, Apple, Walmart, other retailers close stores, cut operations in areas most affected by protests

0
113


In the United States, a number of companies have decided to close their stores and reduce their activities in the cities most affected by the protests organized following the death of George Floyd.

What happened

Floyd, an unarmed black man from Minneapolis, died after a meeting with the police. In a video clip of the incident, the police, Derek Chauvin, could be seen kneeling on Floyd’s neck for almost 10 minutes as the victim gasped and later became unconscious.

Apple

AAPL) said it was keeping a number of stores closed in the country on Sunday in light of the protests, without specifying the number of stores, CNBC reported. He did not say whether the closings would be extended beyond Sunday & nbsp; if the protests continued. “Data-reactid =” 23 “>Apple Inc. (NASDAQ: AAPL) said it was keeping a number of its stores closed Sunday in the country in light of the protests, without specifying the number of stores, CNBC reported. He did not say whether the closings would be extended beyond Sunday if the protests continued.

The company has only operated about half of its 271 stores in the United States due to the new coronavirus pandemic (COVID-19).

The move follows the looting of a number of Apple outlets across the country, including Minneapolis, Washington D.C. and Brooklyn.

Amazon

AMZN) sent a notice to its part-time delivery managers in a dozen cities, including Minneapolis, Chicago and Los Angeles, working under the Flex program, to stop making deliveries “immediately” and return home, as reported by CNBC. “-Reactid =” 27 “>Amazon.com Inc. (NASDAQ: AMZN) sent a notice to its part-time delivery executives in a dozen cities, including Minneapolis, Chicago and Los Angeles, working under the Flex program, to stop making deliveries “immediately” and go home, as instructed by CNBC.

The company has adjusted the Flex schedule, under which drivers can deliver Amazon products using their own vehicle as an independent contractor and be paid, to match city curfew schedules, CNBC noted.

Amazon’s subsidiary supermarket chain Whole Foods also said it is temporarily closing or reducing business hours at several stores across the country.

Walmart

WMT) closed some of its stores in Minneapolis and Atlanta on Friday after some of them were looted. “Data-reactid =” 31 “>Walmart Inc. (NYSE: WMT) closed some of its stores in Minneapolis and Atlanta on Friday after some of them became targets of looting.

The retailer said on Sunday that it is still closing several hundred stores across the country, according to CNBC.

Walmart said it would access the situation every day and that some stores could be reopened on Monday if there is no physical damage.

Target

TGT), in a statement Saturday evening, & nbsp; said it was closing 175 stores and cutting the hours of a few others until further notice. “Data-reactid =” 35 “>Target Corporation (NYSE: TGT), in a statement released on Saturday evening, said it was closing 175 stores and cutting the hours of a few others until further notice.

told me the company was working to ensure that workers displaced as a result of the protests, including more than 200 from its Minneapolis Lake Street store, were taken care of, including “receiving full wages and benefits in the coming weeks. “” Data-reactid = “36”> CEO Brian Cornell said the company was working to ensure that workers moved as a result of the protests, including more than 200 from its store. Minneapolis Lake Street, be taken care of, including “receiving full salary and benefits in the coming weeks. ”

NKE) said it has temporarily closed some of its stores, and Adidas AG (OTC: ADDYY) has closed all of its stores, the Wall Street Journal reported. “Data-reactid =” 37 “> Among the other retailers, Nike Inc. (NYSE: NKE) said it has temporarily closed some of its stores, and Adidas AG (OTC: ADDYY) has closed all of its stores, the Wall Street Journal reported.

Price action

Apple stocks closed 0.1% to $ 317.94 on Friday. The Amazon stock closed 1.7% higher at $ 2,442.37 per share.

Walmart closed 0.3% higher at $ 124.06 per share, and Target closed 3.3% higher at $ 122.33.

Nike traded nearly 0.4% to $ 98.58 at the close of the day and Adidas shares closed 1.7% higher at $ 133.18 on the OTC market.

LEAVE A REPLY

Please enter your comment!
Please enter your name here