Crisis Management

Tuesday Morning Secures $32M in Debt Refinancing
September 12, 2022 at 2:36 pm

Tuesday Morning Corp., the Dallas-based off-price home goods retailer, has entered into an agreement to secure $32 million in debt financing from a special purpose vehicle (SPV) formed by Retail Ecommerce Ventures (REV) — the owner of Pier 1 Imports, Linens ‘n Things, Stein Mart, Modell’s Sporting Goods — and Ayon Capital LLC. Additionally, several members of…

Bed Bath & Beyond CFO Dies After Fall From NYC Apartment
September 5, 2022 at 6:34 pm

Gustavo Arnal, Bed Bath & Beyond's executive vice president and chief financial officer, died from an apparent suicide on Sept. 2, after falling from the Manhattan skyscraper where he lived, according to a report from the New York's medical examiner’s office. Arnal joined Bed Bath & Beyond in May 2020 following a career in finance at Avon, Walgreens Boots…

Reports: Amazon, Walmart No Longer Requiring Masks for Vaccinated Employees
February 14, 2022 at 6:16 pm

Walmart and Amazon.com both said last week that it will not will no longer require vaccinated employees to wear masks while working in their facilities. In an internal memo to employees, Amazon said vaccinated employees in the U.S. have the option to work without masks beginning Feb. 11 where permitted by local regulations, Reuters reported last week. Amazon…

PepsiCo Foods' CEO on 5 Pandemic-Born Consumer Trends That Are Here to Stay
January 17, 2022 at 6:47 pm

The growth of local supermarkets, an increase in the use of e-commerce for food and CPG products, and a focus on value were just three of five trends born during the pandemic that are here to stay, at least according to Steven Williams, CEO of PepsiCo Foods. Williams, who oversees all aspects of PepsiCo’s nearly…

NRF Expresses Disappointment With Latest Vaccine and Testing Ruling
December 20, 2021 at 6:56 pm

The National Retail Federation (NRF) on Friday expressed disappointment about the 6th Circuit U.S. Court of Appeals’ decision to lift the stay for the Occupational Safety and Health Administration’s (OSHA) COVID-19 employer-based vaccination and testing mandate. The mandate requires businesses with at least 100 employees to have them vaccinated or face weekly COVID-19 tests and facemask…

Walmart to Offer Bonuses to Keep Warehouse Workers on the Job Through the Holidays
August 9, 2021 at 6:53 pm

Walmart is offering special bonuses to many warehouse employees to work every hour they're scheduled and, in some cases giving temporary pay raises, as the country’s biggest retailer ramps up for the holiday shopping season with a tight labor market and stretched supply chains. According to The Wall Street Journal, the majority of Walmart’s 190 U.S. warehouses are offering…

Don’t Call it a Recovery Yet: Small Business Growth Still Lags
May 18, 2021 at 2:43 pm

Lawmakers have pointed to stabilized GDP and a surging stock market as evidence that the nation is poised to return to “normal” after 2020’s economic catastrophe. However, GDP and the S&P are not adequate proxies for real-world conditions, especially for the smallest businesses — i.e., the ones that define our neighborhoods and communities. After the…

Leading Retailers Dropping Mask Mandates for Fully Vaccinated Customers, Employees
May 17, 2021 at 6:41 pm

Target, Walmart, CVS, Starbucks, Meijer, and Costco are among the retailers that have dropped their mask requirement for customers and employees who are fully vaccinated against COVID-19 in wake of the newest guidance from the Centers for Disease Control and Prevention (CDC). Specifically, on May 16, the CDC said that fully vaccinated Americans, for the most…

Why Employee Digital Contact Tracing Could Play a Key Role in Retail’s Reopening
May 10, 2021 at 2:15 pm

Retailers across the U.S. have prioritized safety throughout the pandemic in order to keep their employees and customers safe and their businesses open. However, employers are hesitant to require their employees to get vaccinated given potential negative implications and pushback from those employees who do not or cannot get a vaccine. And looking further down…