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A growing economy coupled with new applications and convenience of online shopping could provide a catalyst to businesses that sell merchandise through online channels.
Alibaba Group Holding Limited
Vipshop Holdings Limited
Expedia Group, Inc.
Liquidity Services, Inc.
FTD Companies, Inc.
The deadly and rapidly spreading COVID-19 outbreak has been wreaking havoc on companies around the world. Nevertheless, some companies — including online pet product retailer Chewy — have emerged as winners amid the chaos.
Under intense pressure to do more to protect its employees during a pandemic, Amazon said Thursday it will start doing temperature checks and providing face masks for all staff on the front lines starting next week. Amazon told Reuters exclusively of its plan to safeguard workers at all its U.S. and European warehouses plus Whole Foods stores. It will start testing hundreds of thousands of employees a day for fevers, using no-contact thermometers at site entrances. Any employee with a fever of more than 100.4 Fahrenheit will be sent home. Amazon has faced fierce criticism from some union and elected officials after workers from at least 19 of its warehouses tested positive for the novel coronavirus. There's been walkouts by a small number of warehouse staff. A group of workers at Whole Foods called for a sick out to protest what they describe as lack of concern for their health, as well as inadequate compensation. Besides temperature checking and face masks, Amazon will use machine-learning software to monitor whether employees are keeping safe distances during their shifts. Facing a worker shortage and a surge in orders, Amazon recently announced it would hire 100,000 new workers. As of Thursday, it has filled more than 80,000 of those jobs and said it plans to spend $350 million more than originally planned to cover pay raises through April.
Amazon on Thursday said it is temperature-checking more than 100,000 workers daily and handing out masks as part of ramped-up defenses against the coronavirus pandemic. Amazon this week began checking the temperature of workers arriving at US facilities, asking those with apparent fevers to go home, according to senior vice president of worldwide operations Dave Clark. "Amazon associates and partners working in our operations network and data centers are among the many heroes of the COVID-19 crisis," Clark said in an online post.
Amazon did not confirm the authenticity of the notes, which Vice News reported were from a daily meeting with the company's Chief Executive Jeff Bezos and senior leadership team. David Zapolsky, Amazon's secretary and top lawyer, allegedly wrote that a worker who criticized Amazon's warehouse operation during the coronavirus pandemic was "not smart, or articulate" and suggested Amazon might "make him the face of the entire union/organizing movement." Amazon and other businesses have provided vital deliveries as nearly 90% of the United States has been told by their governments to stay home to slow the spread of coronavirus.
The popcorn will be bring your own and the barbecue won't be as good, but the Austin, Texas, SXSW Film Festival is moving online after having its 27th edition canceled by the coronavirus pandemic. SXSW announced Thursday that it's partnering with Amazon Prime Video to stream as much of its movie line-up as possible for a 10-day period in the U.S. It will be free to viewers with or without an Amazon Prime membership. SXSW, which had been scheduled to run March 13-22, last week announced awards for its competition categories, anyway.
The company, which has reported virus cases among warehouse staff and faced several demonstrations, said it would start testing hundreds of thousands of employees a day for fevers. All locations will have surgical masks available by early next week, after millions were ordered weeks ago, according to Amazon. Particle-blocking N95 masks it has ordered will instead be donated to medical workers or sold at cost to government and healthcare organizations, it said.
Apple (AAPL) extends program for premium subscription video entertainment providers to offer direct buying or renting options unlike its payment system, which takes a 30% cut of the purchase price.
The data included traces of the estimated locations of users’ mobile phones, showing that many had driven back along the highways from Hubei to Guangdong province in southern China, where the official works in a small town. The location data helped the official’s team “more or less” pin down everyone who came back from Hubei, she said.
Christian Siriano, the American designer whose career was launched by reality show Project Runway, and who now serves as the show’s on-screen mentor, is currently sewing surgical face masks in bulk for the governor of New York. While Siriano has diverted his attention from red carpet gowns to masks, fans of the show that kick-started his career will find themselves with plenty of television to while away their hours at home. Project Runway, the 15-year-old, mass-market show in which fashion moguls such as Michael Kors and Zac Posen judge the work of aspiring designers through a series of contests, has now spawned two streaming service copycats — including a new series on Amazon that Entertainment Weekly described as “first rate quarantine TV”.
After one of the worst Q1, get ready for a coronavirus-riddled Q2 which makes these industries and ETFs worth a bet. These areas emerged as the top performers of Q1.
Kelita is studying in the first-ever university program in the Amazon. Fabio is helping his family do its part to fight climate change through sustainable agriculture. A new generation of young Brazilians from the Amazon region are seeking to reshape the fight for the world's largest rainforest, which is shrinking before their eyes.
Alibaba Group Holding (BABA) reportedly plans to invest in a courier firm, Yunda, in a bid to expand its presence in the growing express delivery industry.
The rapid spread of coronavirus is boosting online retailing as consumer footfall decreases at physical stores. Here are some e-commerce stocks likely to benefit including AMZN, EBAY among others.