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By Sarah Nassauer and Suzanne Kapner Target Corp., Lowe s Cos. and the owner of T.J. Maxx reported robust sales and a jump in store visits during the spring, as Covid-related restrictions eased and people returned to shopping at physical stores. The strong results posted Wednesday followed similar reports earlier this week from other national chains, including Home Depot Inc. and Macy s Inc. Many of these retailers benefited during the pandemic from being able to stay open and the shift to online orders, or they are now capturing pent-up demand as they reopen. The first quarter felt like a first step towards a post-pandemic world, said Target Chief Executive Brian Cornell on a call with analysts Wednesday. With vaccinations rolling out across the country and consumers increasingly comfortable venturing out, we ve seen an enthusiastic return to in-store shopping, he said.
Lowe's tops analysts expectations, sees net income climb 77% in Q1 - Charlotte Business Journal
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Lowe's Cos. Bottom Line Advances In Q1
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Lowe's: Fiscal Q1 Earnings Snapshot
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The Winston-Salem Journal does a review each year of CEO compensation for 29 corporations based in the Triad or that have significant operations and workforces here.
For fiscal 2020, the chief executives of 15 corporations received at least $100 in compensation for every $1 paid to their median employee. Median is defined as the middle value in a list of numbers.
Median employee compensation factors in regular pay, overtime, bonuses, incentives, allowances and paid time off.
During the early stages of the pandemic, there was speculation among financial analysts that the CEO pay ratio gap might shrink during 2020.
Several corporations temporarily reduced executive management compensation by between 10% and 50%, along with requiring rank-and-file employees to be furloughed for several weeks or receive lower pay for reduced hours.