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Walgreens ramps up hiring and gets more attention as America hunkers down

3 weeks ago by Jon Marino in Markets

Walgreens ($NASDAQ:WBA) is getting plenty more attention, and the Illinois-based chain is one of the few stocks enjoying an otherwise painful Monday, March 16. 

Plenty of big-box retailers like Walmart and Costco are getting a big uptick in foot traffic as consumers load up for the long run. And, elsewhere, they're talking about it on social media quite a bit - like with Target. Above all, other companies still are loading up on staffers as they do what they can to confront both unseasonal and historic demand. 

Walgreens' job postings are near multi-year highs, and they've also risen substantially as the store looks to stock up on staff to help them manage inventory and demand. So far this year, Walgreens' job listings are up 6%, and current highs come as the Coronavirus pandemic appears to be worsening. 

Walgreen's Facebook ($NASDAQ:FB) Talking About Count has also dramatically risen, more than double, what it was at the beginning of March. It's something we're also seeing with retailers like Kroger, as well. Walgreens' Facebook chatter was higher lately than at any other point in the year, with the exception of Super Bowl Sunday.

Finally, we've got a map of Walgreen's stores nationwide - as Coronavirus spreads deeper into American societies, the likelihood that companies like it, that possess key supply chain relationships not just for cleaning products, but also for critical medications, will see more attention from consumers.  

About the Data:

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

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Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

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