Crisis Management

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…

A Reopening Guide for Retailers
April 22, 2021 at 7:50 pm

As vaccines continue to roll out and states begin to open up, many retailers will be opening their doors to the public again, perhaps for the first time since early last year. However, operations won’t return to 100 percent normal; after 2020, the customer experience will look a bit different. If you’re planning on reopening…

Strategies to Improve the Vaccine Distribution in Rural and Vulnerable Communities
April 7, 2021 at 12:57 pm

The U.S. is undergoing a massive vaccination strategy to help curb the spread of COVID-19. Unfortunately, it hasn’t been without hiccups. Individuals have been accused of cutting the lines. White Americans are being vaccinated at rates two to three times higher than Black Americans. The latest hurdle is getting vaccines to rural populations. Although population…

Target to Spend $200M for More Bonuses to Employees
January 25, 2021 at 6:40 pm

Target said Monday it will spend $200 million on another round of employee bonuses and extend its coronavirus-related benefits after its strong holiday season. Indeed, Target has been one of the beneficiaries of pandemic trends, as shoppers consolidate trips, fill up bigger baskets and use curbside pickup. That pattern continued over the holidays, boosting the…

Walgreens to Hire 25,000 to Help Distribute COVID-19 Vaccine
December 14, 2020 at 5:16 pm

Walgreens expects to get its first doses of the COVID-19 vaccine on Dec. 21, and will start giving shots to nursing home residents and workers at nearly 35,000 long-term care facilities nationwide in the days leading up to Christmas. To administer the vaccine, Walgreens plans to hire 25,000 people across the U.S., including 9,000 pharmacists and other healthcare workers.…

Guitar Center to File for Bankruptcy Protection
November 16, 2020 at 5:34 pm

Guitar Center said last week that it expects to file for Chapter 11 bankruptcy protection after negotiating a debt-cutting deal with key investors and lenders. The country’s largest music instrument seller plans to emerge from protection before year’s-end with nearly $800 million less debt. By filing for Chapter 11 bankruptcy, Guitar Center would be able to continue…

NRF Cautiously Optimistic in Holiday Retail Sales Forecast
October 5, 2020 at 7:22 pm

Consumer spending has recovered from the coronavirus pandemic more quickly than expected, but forecasting 2020 holiday sales is like assembling a jigsaw puzzle without all the pieces, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said in a press release from the trade association. “I'm cautiously optimistic about the fourth quarter in terms of the…