Business News: Lowes adding employees during peak hours

Business News: Lowes adding employees during peak hours


NEWS THIS MORNING. AMAZON SEEMS LIKE SHE IS TAKING OVER THE WORLD. KELL RETAIL IS BEING TRANSFORMED RIGHT BEFORE OUR EYES AT LIGHTNING SPEEDS. THINK ABOUT WHAT WE TALKED ABOUT YESTERDAY WITH GOOGLE AND WALMART AND NOW IT IS WHOLE FOODS AND AMAZON AND IS IT TO ACCENTUATE THE POINT, OLD-LINE RETAIL SEARS ANNOUNCING THEY ARE CLOSING ADDITIONAL 28 KMARTS TODAY IN ADDITION THE 180 STORES THAT ANNOUNCED IT WOULD CLOSE THIS YEAR ALREADY. LET’S CHECK THE REAL-TIME NUMBERS AS WE ARE GETTING OFF TO A GOOD START AHEAD OF JACKSON HOLE, WYOMING, WHERE THE CENTRAL BANKERS FROM AROUND THE WORLD ARE GATHERING TO MEET FOR THE NEXT FEW DAYS. THE DOW UP 35 POINTS IN EARLY TRADING. LOWE’S WILL BE BOOSTING EMPLOYEE HOURS DURING PEAK TIMES TO IMPROVE CUSTOMER SERVICE. THIS COMES AS THEY ARE LOCKED IN A BATTLE WITH HOME DEPOT. THEY LOWERED THEIR FULL-YEAR EARNINGS OUTLOOK, BUT SAYS IT’S BEEN BENEFITING FROM AN INCREASE IN FOOT TRAFFIC IN ITS STORES. ACTUAL STORE HOURS ARE NOT CHANGING, JUST BOOSTING EMPLOYEE HOURS DURING THOSE UBER’S HOURS. SCANDAL-FILLED YEAR HASN’T STOPPED PEOPLE FROM USING THE RIDE-HAILING SERVICE. THE COMPANY RELEASING ITS LATEST FINANCIAL STATEMENTS. UBER SAYS BOOKINGS, WHICH INCLUDES RIDES AND FOOD AND PACKAGE DELIVERIES, DOUBLED IN THE SECOND QUARTER TOTAL TRIPS UP 160%. HOWEVER, UBER STILL REPORTED A LOSS OF $645 MILLION IN THE QUARTER. WE ARE WATCHING THE PRICE OF OIL TODAY AS WELL, UP SLIGHTLY SO FAR. WITH TROPICAL STORM HARVEY BEARING DOWN ON ONE THIRD OF THE REFINING CAPACITY OF THE COUNTRY

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