Friday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
Indiana employers
Forbes has named the IU School of Medicine as the top employer in the Hoosier state.
It has 30,000 employees total.
The second was the Monroe County School District in Bloomington.
Salesforce was third. Even though it’s based in Silicon Valley, it has a significant presence in Indianapolis
CVS
CVS Health is limiting customers’ purchases of rapid, over-the-counter COVID-19 tests, with a maximum of six packages available online and four in its pharmacies.
It says the rise of the Delta variant is leading to huge demand.
Surging interest in rapid virus tests has made the products a scarce commodity at some online retailers and in certain stores.
Ford
For is once again cutting production of its F-150 pickup truck and two other vehicles next week due to the ongoing global shortage of semiconductor chips.
Ford has been impacted particularly hard by the lack of chips, losing about 50% of its planned production in the second quarter.
Toyota also announced this week it would temporarily shutter plants due to chip shortage.
Gap
Gap says sales topped $4 billion, thanks mostly to its Old Navy and Athleta brands.
Sales for Old Navy and Athleta brands were up 21% and 35%, as compared with 2019. While net sales at Gap and Banana Republic were down 10% and 15%, also compated to 2019.
Gap says shoppers embraced summer and bought up clothes.