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        <title><![CDATA[Dick’s Sporting Goods furloughs 40,000 employees amid coronavirus pandemic]]></title>
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        <lastBuildDate>Thu, 09 Apr 2020 06:47:31 +0000</lastBuildDate>
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            <media:title type="html">Dick’s Sporting Goods furloughs 40,000 employees amid coronavirus pandemic</media:title>
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        <content:encoded><![CDATA[<p>Another business has been hit by the ongoing coronavirus pandemic.</p><p>On Wednesday, Dick&#8217;s Sporting Goods announced that keeping its doors open has proven difficult while there are no sports or any physical activity going on during the lockdown.</p><p>Beginning Sunday, the retail giant will furlough almost 40,000 employees and keep only a &#8220;small number&#8221; of personnel to fulfill curbside and online orders.</p><p>Dick&#8217;s <strong>said in an SEC filing</strong> that the decision comes after it became obvious that 800 of its stores will not reopen anytime soon due to the continuing pandemic.</p><p>&#8220;It is our goal that when this crisis subsides, we will welcome back our teammates, open our doors and get back to the business we love of serving athletes and our communities,&#8221; said the company.</p><p>While their stock did rise on Wednesday, it was not enough to keep everyone from being furloughed.</p><p>Dick&#8217;s is not the first major retailer to be hit hard during the course of the COVID-19 pandemic. With demand for cars falling significantly in 2020, automakers Nissan and Honda <strong>announced earlier this week</strong> that they would be furloughing workers as well.</p>]]></content:encoded>
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