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Walmart mdash; the nation s largest private employer mdash ays it s not going to apply for special pandemic state grants for workers at its six Vermont locations. Vermont set up a grant program earlier this year to give a financial boost of up to $2,000 each to the state s front-line workers, ranging from health care workers to grocery clerks.The grants, which provide either $1,200 for part-time workers or $2,000 for full-time employees, are paid through the state s coronavirus relief funds and don t rely on financial support from corporations. But the state set up the program by requiring that employers apply on behalf of their workers, a decision that was made for administrative simplicity, according to a statement from five Vermont state senators.Walmart t stanley cup old CBS MoneyWatch it decided not to apply for the grants because the retailer has already paid more than $1.1 billion in bonuses to many ofits 1.5 millionworkers across the nation due to their efforts during the coronavirus pandemic. It said it believes that the intent of Vermont s program is to assist small an stanley cups d medium employers in the state who might be unable to pay a similar bonus, according to a Walmart spokeswoman. The Vermont state senators called the Walmart decision cruel. Michael Sirotkin, one of the senators who issued the statement, stanley cup told CBS MoneyWatch that the program was geared to employers of all sizes, and that he hopes Walmart will reconsider a stance that d Wjbz 8203;Results of Freddie Gray investigation won t be made public
7 t y* M0 h& r# h The holiday shopping season gets into full swing Thursday with a number of retailers opening their doors on Thanksgiving. The market research company eMarketer said holiday sales in the U.S. this year could top $1 trillion for the first time.With a strong economy, major retailers are hoping to get a big boost from some 164 million shoppers planning to hit stores Thanksgiving weekend.At J.C. Penney, stores are struggling with m nike dunk ore than $4 billion in debt. Holiday for all retail is a pretty crucial time of the year because it is our biggest time of the year, said Joe Cardamone, general manager at a J.C. Penney location.Holiday shopping: The curse of coupons and salesBlack Friday 2018 surprises: Price gotchas and sold-out inventoryAccording to Deloitte s annual forecast for the holiday season, brick-and-mortar stores are expected to cash in on the majority of the retail sales, seeing a 5 to 5.6 percent increase from a year ago to $1.1 trillion. E-commerce sales are expected to rise as much as 2 yeezy 2 percent to $ adidas campus 134 billion, compared with about $110 billion a year ago. But some retailers need a strong holiday season to survive. CBS News business analyst Jill Schlesinger said she believes the season will be critical for several big retailers, including Sears. We also have a private company, Neiman Marcus, very high end retailer, has been working under a huge debt load, she said.The average household is expected to spend more than $1,500 |
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