FILE PHOTO: A view of the signal exterior the Lowes retailer in Westminster, Colorado February 26, 2014. Lowe’s Cos Inc reported robust development in quarterly gross sales, exhibiting that the No. 2 U.S. dwelling enchancment retailer was narrowing the hole with market chief Dwelling Depot Inc. Lowe’s shares rose greater than 6 p.c in early buying and selling, after the corporate reported that web gross sales elevated 5.6 p.c to $11.66 billion within the fourth quarter ended January 31. REUTERS/Rick WilkingReuters
(Reuters) – Lowe’s Cos Inc stated on Thursday it will pay staff about $80 million in further discretionary bonuses and likewise plans to rent greater than 50,000 employees throughout its U.S. shops within the spring.
The newest bonus will deliver complete COVID-19 monetary dedication to staff and communities to almost $1.3 billion, the house enchancment chain stated.
(Reporting by Uday Sampath in Bengaluru, Modifying by Sherry Jacob-Phillips)
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