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4 Ways for Service Professionals to Acquire New Clients
Service providers in certain industries — like travel and leisure, for example — have been hit hard by the pandemic. According to an August 2020 survey by the National Federation of Independent Business, 21% of business owners say they’ll permanently shut down if the economy doesn’t improve ...
An Agile Approach to Change Management
The business world has arguably seen more disruption in the last nine months than in the last nine years, bringing new and urgent demand for change. Initiatives are being launched by the dozen, adoption can’t happen fast enough, and the stakes are higher than ever. In the midst of a Covid-induced ...
TikTok Launches New Small Business Resource Center for Marketers
“As it continues to expand its business offerings and ad options, TikTok has launched a new Small Business Resource Center, which includes a range of case studies, creative tools and explainers to help SMBs tap into the fast-growing app.As explained by TikTok: "From success stories to creative ...
How to Have Meaningful End-of-Year (OR Start-of-Year) Vendor Meetings - Virtually
“If you’re like most business leaders, then you likely have at least a handful of vendors who support your business with services or products. And just as you do with your employees, you need to meet with those vendors periodically to celebrate your relationship and talk about what you can impro...
Retail Charging Hot Spot Adds Ultraviolet Sanitizing Technology
ChargeItSpot has charged cell phones for customers in many stores, hospitals and stadiums. Now, this free service has added ultraviolet (UV-C) technology, which gives customers the ability to inactivate harmful viruses and to kill bacteria living on their cell-phones. Cell phones are integral to ...
The Ultimate Secret of Building a Loyal Customer Base
If you are running a retail business, you must know the pain of losing a customer. You think you did enough to earn their loyalty, but no! Still, they leave you because they don’t feel the same way. Studies show that customers these days expect more from brands to stay loyal to them. But what ...
Facebook's Testing an Instagram Content Calendar in its Creator Studio Tool
That could make it much easier to map out your Instagram strategy - within Creator Studio, you can schedule your Instagram feed and IGTV posts up to six months in advance, and having the capacity to see them planned out like this could help in ensuring optimal coverage ahead of time. Read more
The Secret to Becoming a Market Leader
The best-kept secret about strategy is that you are in control. You get to choose the game you want to play and how you might win it. Further, you can choose to lead on a variety of dimensions – market share, innovation, product quality, or customer service. You can tip the odds of success in your...
What's selling in 2020's holiday season
Black Friday — generally one of the biggest shopping days of the year, and when many begin buying their holiday gifts — looked a little different this year. E-commerce dominated as consumers remain wary about shopping in physical stores. Digital sales on Black Friday ticked up 21.6% from last ye...
Consumers are spending more in 2020 than they did in 2019, says Bank of America CEO
“Way back in May, you could see it flattening out and starting to grow,” Moynihan said of the spending data. “Now it’s really grown every month since then. The month of November was up about 4% over the last November, and the month of December so far is up double digits.” Some of the su...
25 Predictions for Social Media Marketing in 2021
2020 is a year that many would rather forget, and in amongst all this, the major social platforms have also rapidly evolved and shifted focus in order to meet rising demand and user needs during the pandemic. That's accelerated many of their plans, but for the most part, the new tools and options...
3 Ways to Succeed in Marketing in the Modern Era
Since the proliferation of online advertising, marketing has become a staple of any good business plan. While not all marketing strategies depend on Internet ads, they do represent a large portion of online promotion and marketing strategies. In any case, having an online presence, whether in the fo...
Christmas tree sales are telling a holly, jolly economic story
Traffic and sales this year at tree outlets have been anything but ho-ho-hum. Merchants are reporting a big season that started early and has continued to accelerate into the early part of December. If consumers are planning on being Grinches this year, you certainly can’t tell it by tree activ...
Predicting Consumer Demand in an Unpredictable World
Covid-19 has shattered the demand forecasts that guide retailers and suppliers of consumer goods and services in figuring out how much to order or manufacture, where to stock inventory, and how much to advertise or discount. Early on during the pandemic, sudden lockdowns and a shift to working from ...
4 Steps to Creating a Winning Paid Social Campaign
Looking to boost your brand and campaign awareness over the holiday period? With eCommerce spend set to hit new records, and more people than ever shopping online, reaching out via paid social will be high on the agenda for many brands. So how can you make your brand messaging stand out, and ite...
4 Ways to Be More Productive, Not Just Bossy
The words "I'm busy" are used like a badge of honor. If you’re not busy, you’re being lazy, and laziness is the very antithesis of what an entrepreneur is meant to stand for. Chronic busyness is one of the only addictions in the Western world that people celebrate. It's associated with importanc...
Retail trade group sees holiday sales up 3.6% to 5.2%, posting ‘strong finish’ to 2020 in spite of pandemic
Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus pandemic has dealt the industry, according to a new forecast that cites a strong stock market, rising home values and record personal savings rates as factors that could boost spending. The N...
Black Friday is more than one key day: How retailers need to adjust this holiday shopping season
If you’re having an in-store sale, consider rewarding loyal/long-time customers with special shopping hours or offer shopping reservations. According to a survey by Accenture, nearly two-thirds (62%) of consumers said that booking a time to shop in person could inspire them to return to a physical...
Why Being Resilient Is the First Step to Growth
Resilience. It's the word of the moment — possibly the word for all of 2020, after COVID 19, of course. As we continue to attempt a recovery from the sucker punch of the coronavirus, we're reminded again and again that we have to be resilient. Despite being knocked down physically (if you contr...
The 3 I's of retail customer experience: Intelligence, improvement and impact
The CX world has been turned on its head. Even before the global pandemic changed customer journeys forever, many organizations experienced the rapid growth of Customer Experience (CX) teams, only to see teams slashed just a few years later due to lack of performance. In today’s world of big da...
Facebook Provides New Ad Copy Tips to Help Maximize Performance
Yes, there are quite a few distractions around at the moment, but it is also worth noting that Christmas is only 47 days away, and that means that you need to get moving on your holiday marketing campaigns, and mapping out your upcoming efforts. And for many, that will involve ads on Facebook and...
Instagram Tests a New Way for Users to React to Stories Without Sending a DM
This could be interesting - Instagram looks to be testing a new option which would display user reactions to Stories on the story frame itself, as opposed to sending the creator a DM....
5 Timesaving Automation Opportunities for Entrepreneurs
If you’re exhausted from trying to juggle too many tasks at once, your solution could be as close as a new addition to your tech stack. Which responsibilities should you automate? Consider five key areas.
Why QR Code Scanning Will Be At The Forefront Of Retail Success This Holiday
Touch-Free Transactions and Direct Consumer Engagement Quick response (QR) codes on product labels or packaging provide easy, rapid and contactless mobile engagement for consumers. iPhone and Android smartphone users need only...
Retail sector rallies 8% in a week. Four stocks to watch ahead of the holidays
Retail is on the rebound.  The SPDR S&P Retail ETF (XRT), which tracks the group, rallied almost 8% last week, fueled by gains in names includi...
These 5 Policies are Key to Small Business No Matter Who Wins the Presidency
Small business needs to keep an eye on the election to gauge economic policies going forward. And how the economic impact of COVID-19 will be handled by the president. 1. Operating Restrictions 2. Tax Reform Policies 3. Economic Stimulus Policies 4. Capital Gains Policies 5. Loan and Credit P...
Small business owners questioning when the next round of stimulus will come to Florida
Whether you’ve recently started a small business or have pivoted your sales tactics for your company because of COVID-19, you’re probably thinking about how to increase holiday sales. It’s approaching fast, and now’s the perfect time to start your seasonal marketing strategy so you can bring...
10 Best Productivity Tools for Small Business Owners
Every business owner aims for higher productivity in their businesses. Most times, knowing how to achieve this feat is admittedly difficult. Surprisingly enough, there are specific tools for small businesses to achieve the growth they seek and take a proper stand in the competitive market. 1. Tim...
5 Reasons Small Business Owners Should Vote
Covid-19 has thrown many of America’s small businesses into survival mode. Although some are starting to rebound, others are still focusing on reclaiming lost revenues — many with fewer employees and resources than they had before the pandemic. There's no denying that economic outlooks remai...
4 Crisis-Proofing Lessons for Small Business Owners
We have all had to re-invent our approach to business in the wake of the crisis created by the Covid-19 pandemic. But we have learned during the pandemic that crisis is not all-together bad. Crisis helps us think deeper, stretch our imagination, restructure our organizations, and discern the real ne...
20 Web Design Dos & Don'ts for a Successful Small Business Website in 2021
Are you considering a website refresh in the next 12 months? Want to know the best practices you should follow for website success? Here are the dos that make the list: 1. Keep your interface consistent 2. Design easy-to-use navigation 3. Change the color of visited links 4. Make it easy to...
COVID-19 Will Continue To Test Small Businesses—Here’s How To Respond
The COVID-19 pandemic shows no signs of dissipating any time soon, which means more challenges are ahead for the small businesses that haven’t been forced to close their doors for good. Eventually, however, this crisis will pass. When it does, your performance during this period won’t be judged ...
Can E-Commerce Save Retail?
In the span of a few short weeks, the coronavirus pandemic completely reshaped shopping and left many retailers struggling to survive. Neiman Marcus, JCPenney, J. Crew, and other popular chains filed for bankruptcy. According to a report from Yelp, 60 percent of listed businesses that shut their doo...
Retail Sales Increase in September: 5 Solid Stocks to Buy
U.S. retail sales increased for the fifth straight month in September as Americans spent more on clothing, cars and eating out. Needless to say, the retail sector has finally started to bounce back after taking a massive hit during the peak of the pandemic. Overall, the third quarter has been good f...
10 Important Building Blocks for Small Business Success
If you want to build a successful business, you need several building blocks in place. Some things, like your initial idea and incorporation, happen early on. Others, like sales and marketing, evolve over time. These tips from the online small business community can help you create a successful foun...
White House urges small business rescue plan
The White House on Sunday changed tactics yet again on boosting the pandemic-hit US economy, this time urging lawmakers to back a plan to help small businesses weeks ahead of the presidential election. The change comes after President Donald Trump's Republican Party and Democrats both rejected, f...
How AR Is Redefining Retail in the Pandemic
Covid-19 has supercharged all things virtual, propelling industries like retail well into the future. According to IBM’s 2020 U.S. Retail Index report, the pandemic has accelerated the shift to digital shopping by roughly five years. Augmented Reality (AR) applications have been on the rise wit...
Here’s How Retailers Can Win the Holidays
The pandemic has forced retailers to improvise since spring, and the holiday shopping season will bring more such creativity, including pop-up stores, earlier discounts and even socially-distanced festive events. That’s according to a new report from CBRE — a report that was released just as ...
How To Save Your Retail Shop By Going Online
The global retail market is currently facing an unprecedented crisis, with international supply chains shattered and many workers teetering on the edge of unemployment. While the physical retail model was already fading, the effects of the recent pandemic have accelerated the decline of traditional ...
During Financial Challenges, Small-Business Insurance Fees Matter More Than Ever
Small-business fees for things like insurance and payroll services always eat away at the bottom line, but as the pandemic drags on, business owners should be increasing their awareness of how to keep these fees under control. Fortunately, several new-model services offer significant savings for bus...
What Small Business Owners Need To Know About Taxes And Selling Online In The Covid-19 Era
Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics. For small business owners forced to close their doors for months and now still seeing dramatic drops in walk-in ...
How to build a diverse and inclusive workforce as a small business
Diversity and inclusion departments and initiatives have become a must-have at large corporations over the last few years, but equitable workplaces aren't just for big companies. It's important for small businesses to hire a diverse workforce and foster an inclusive atmosphere as well if they want t...
Survival And Beyond: Small, Independent Retail Rehiring Challenges
In the aftermath of 2020's first-wave and sustained pandemic, rioting and looting, plus current political tension and unrest across the U.S., retailers are facing challenges reopening their stores. Businesses were forced to close, and many essential businesses were hit hard by reduced foot traffic. ...
What Robots Can Do for Retail
Robots have rolled into retail, from six-foot-tall free-moving machines spotting spills in Giant Foods Stores to autonomous shelf-scanners checking inventory in Walmart. At Lowe’s, the home improvement chain, a “LoweBot” in some stores can answer simple questions, such as where to find items, ...
Local Florida Retail Online Support Platform, RetailFlorida, Expands to New Locations
MIAMI, FL, USA, September 30, 2020 /EINPresswire.com/ -- MIAMI & ORLANDO, FL, USA -- FOR IMMEDIATE RELEASE RetailFlorida.com, a platform designed to connect property owners and retail businesses to local consumers announces two new locations: The Shoppes of South Semoran in Orlando, FL & Palmetto...
Social media influencers drive retail sales in the pandemic
Influencers are shaping the way people shop during the pandemic, as more people spend time on their phones and online. In a year marked by working from home and staying inside, the influencer sphere has adapted to meet followers where they are. Influencers, or content creators who have built a re...
Tax Do Overs: Opportunities to Correct Mistakes and Get Cash Back
Filing your income tax return may not be the end of the tax story for the year. You may revisit taxes for the year by means of an amended return. Due to various law changes resulting from the pandemic, there are several refund opportunities you may qualify for and obtain a tax refund if you file an ...
Best Small Business Credit Card Companies 2020
Credit card processing is an integral part of selling goods and services that allows businesses to complete credit and debit card transactions. Businesses of all sizes rely on payment processing services as a quarterback for expediting card transactions. Processors verify, accept, or decline transac...
Small businesses still on hook for rescue loans
When the government pledged to give small businesses billions of dollars in rescue loans during the pandemic, it was an offer almost too good to refuse: The loans could be forgiven if employers only maintained payroll. In little more than four months, the Paycheck Protection Program doled out $52...
T-Mobile Adds Microsoft 365 To Small Business Plans
Managing a small business is difficult as it is already during this pandemic-affected economic climate. Having to manage connectivity and IT and pay for both is just another added layer of complexity for many business owners. To address two of those challenges at once, T-Mobile is offering a new set...
Developers Look at Alternative Uses for Retail
Developers are looking at additional options to repurpose obsolete retail. Outdoor retail has performed well through the pandemic, and has become a favorite for retail developers looking at either new ground-up projects or revamping indoor malls. Developers are also considering fulfillment centers a...
Coronavirus pandemic shopping trends force retailers to rethink holiday shopping
It turns out that pepper-spraying each other for a discounted flat-screen TV was never really a necessary part of the holiday shopping experience after all. This Black Friday, a number of popular retail outlets are shifting away from the traditional “doorbuster” shopping model in favor of a l...
How To Effectively Market Your Small Business
When your business finally starts to gain traction, you need a plan to streamline your processes and market it effectively. Without proper planning, you risk losing potential customers, reducing conversions and losing revenue. Creating a strong online presence is crucial for your brand’s recog...
10 Tips for Changing the Way You Think About Your Small Business
If you run a small business for long enough, you’ll need to change the way you think about certain concepts. From customer data to marketing strategies, making adjustments can help you stay relevant. Check out the tips below from members of the online small business community for changing your min...
Visa Helps Prepare Small Businesses for the Holiday Buying Season as National Small Business Week Begins
As the Small Business Administration’s (SBA) National Small Business Week begins in the U.S. and businesses worldwide prepare for an unprecedented holiday season, Visa (NYSE: V) is introducing new programs and resources essential to small and micro business (SMB) recovery efforts. The Visa Back to...
This tweak to the PPP could save small businesses $7 billion
The Paycheck Protection Program was designed to be a two-step process. A small business would receive a forgivable loan to keep them afloat during the pandemic. Then later, if they used the money in appropriate ways, they’d have the loan forgiven. Step 1 has largely worked well. Over 5 million ...
A group of retail industry insiders is creating a new shopping day to jumpstart the holiday season
A group of retail insiders are banding together in an effort to save the holiday shopping season — as the industry weathers a year unlike any before. To do so, stakeholders are looking to create a brand-new shopping festival called "10.10," taking place online on October 10. The occasion is ...
A simple insurance guide for small business owners
Are you on the hunt for insurance for your small business? If you own a small business, you’ve invested time and money into its startup, operation, and — hopefully — its expansion. That investment could get wiped out if unforeseen events occur. There are a number of situations that can lea...
Retail investing boom may spark concerns, but strategist says markets have lived through it before
SINGAPORE — Retail investors have been fueling a frenzied buying boom in markets this year, sparking fears that they are driving too much speculation in the market. But Christopher Smart, chief global strategist at Barings Investment Institute, suggested that the risks could be overblown. ...
The future of retail is personalization
Personalization is the key to the future of the apparel industry. From creating completely custom garments to utilizing AI innovations that deliver a personalized shopping journey for customers, retailers are looking to leverage technology to help achieve personalization initiatives quickly and ...
The rise of ‘online-only retail stores'
Whole Foods “opened” a new “store” that you can’t walk into or shop at. Located in Brooklyn and slightly smaller than a typical Whole Foods, the store is dedicated solely to fulfilling online orders. It’s the company’s first purpose-built online-only store. With longer aisles, no sa...
36 Small Business Tax Deductions
If you're like most business owners, you're always looking for ways to reduce your tax liability. One way to do this is to take advantage of as many business tax deductions as you can. The list of these deductions is extensive, and knowing which items are on that list is good preparation for meeting...
How to Help Small Businesses Survive COVID's Next Phase
America small-business owners moved quickly when COVID-19 started shuttering shops in March. Fine dining restaurants shifted to takeout. Book shops introduced curbside pickup. Gyms offered classes online. Business owners, it seemed, just needed to face this once-in-a-lifetime calamity and get thr...
4 Tips for Promoting Your Small Business Using Facebook
When you’re running a small business, you need to punch above your weight to compete with your much larger rivals, and that’s especially true if you’re only fielding a small marketing department. One of the most important marketing channels, and one that you can’t afford to overlook, is s...
On CRM: What's The Best Small Business CRM For Gmail?
Gmail is really two things. It’s a web-based mail client (or application) that you can use from any device in a stand-alone manner. It’s also, when you subscribe to G Suite, an email server, not unlike Microsoft Exchange, where you can connect other email applications to it, including email appl...
How SCORE Is Helping Small Businesses Through Their Resilience Hub
One of the most important organizations that has always helped small businesses is SCORE with its 300 chapters and over 10,000 volunteers. They are there to offer help when entrepreneurs want it. Now during the pandemic, their free assistance is needed more than ever. SCORE has established a spec...
Curbside pickup is 'exceptionally sticky' and will continue post-pandemic: McKinsey retail expert
Back in mid-March, at the outset of the COVID-19 pandemic, Dick’s Sporting Goods launched a curbside pickup option at most of its U.S. stores: order an item online or from your phone, pick it up outside your nearest Dick’s store. (Across retail, the curbside option is also being called BOPIS: Bu...
10 Tips for Creating the New Retail Digital Experience
Now, more than ever, what you provide your customers in terms of experience — and how quickly you can get there — is everything. Here's what you need to keep in mind as you build your digital experience: 1. Establish a customer-centric, value-driven process to create a new digital environment...
Small business changes during the COVID-19 pandemic
Small business changes during the COVID-19 pandemic are likely to be permanent, according to new research. Pivots like remote work, changing supply chains and great dependence on online stores and virtual services could remain a part of SBOs’ plans long after the pandemic. Among the most com...
Facebook Announces Paid Online Events for Small Business Recovery
Facebook announced Facebook Paid Online Events, a way for small businesses, local businesses, creators and others to monetize events on Facebook. Now Page owners can create an online event, set a price, promote the event, collect payment and host the event, all in one place. By combining marketing, ...
How Pandemic-Stricken Small Businesses Can Lower Their Taxes
Pandemic-stricken small businesses can lower their taxes as a way to find some sort of relief. Here are just three of them: 1.- Create a 401(k) retirement plan with profit sharing, whereby employers make pretax contributions to the 401(k) plan on a quarterly or annual basis, which can be deducted...
Four policies than can help small businesses as their PPP money runs out
Any economic recovery must begin with an appropriate behavioral response. Here are four policies that can help small businesses as their PPP money runs out: First, a careful analysis by economic and health experts found that a robust and prolonged recovery was difficult in the absence of “non-p...
The Number One Thing Every Small Business Can Do To Thrive Now
If you want to survive and thrive in a small business during the pandemic, the number one thing you can do is to pivot to a digital-first mindset. That’s the upshot of the VISA Back to Business Study, which looks at how consumers and small businesses—from tiny one-person ventures to job-crea...
4 Ways To Increase Profits For Any Small Business According To Digital Strategist, Emmelie De La Cruz
Entrepreneur and Digital Marketing Strategist, Emmelie De La Cruz, is the business consultant behind the scenes of multi-million dollar brands. Founders trust her expertise to help them build sustainable success through growth marketing. Currently the Digital Marketing Manager for The Lip Bar and pr...
Small business toolkit: 7 resources for Black-owned businesses
Only 4.3% of America’s 22.2 million business owners are Black, according to a February report by the Brookings Institute. And Black-owned businesses launch with about “a third less capital than their White peers and have difficulties raising private investments from mainstream investment systems...
The Best Small Business Government Grants in 2020
Launching and expanding a small business is expensive, and there are several financial routes you can take to secure funding. For many small business owners, government grants are a desirable option. Several grants are provided by federal, state, and local governments to help small businesses launch...
The Retail Resurgence Has Stalled For Department Stores As Covid-19 Rages
As if department stores didn’t have enough troubles, it looks like shoppers are starting to walk away from visiting their physical stores again as the Covid-19 pandemic rages on. New research from Placer.ai, the consulting service that monitors retail foot traffic, shows that shopper visits to ...
How To Win The DTC Journey Without Fighting Through Retailers' Territory
Historically, consumer brands have been at the mercy of their retailer channels. Winning in the aisle has been an evergreen rallying cry. E-commerce came along in the 1990s with an exciting new promise. But after all these years, it only mustered up about 11% of total U.S. retail sales in 2019, acco...
15 Smart Ways To Safeguard Your Small Business In Tumultuous Times
How can you safeguard your small business during tumultuous times? Try these 15 tips recommended by the members of Forbes Business Council. 1. Review Your Routines And Costs 2. Deeply Understand Your Customers' Needs 3. Be Empathetic 4. Prioritize Clear Communication 5. Know What Makes You In...
The Digital Safety Net—Why You Should Take Your Small Business Digital
There’s a reason why they call it “Main Street.” Small businesses have traditionally depended on foot traffic and a brick-and-mortar presence. But in the Internet age—and especially in the age of COVID-19—businesses that leverage digital tools have a distinct competitive advantage. Unfortu...
Over 100 CEOs beg Congress: Don't let small businesses fail permanently
More than 100 CEOs from some of America's largest companies urged Congress to provide longer-term relief to small businesses devastated by the coronavirus pandemic. In a pleading letter, Salesforce CEO Marc Benioff, Starbucks founder Howard Schultz, former American Express CEO Ken Chenault, and W...
Latest Shopping Trends Emphasize Need for Retail Marketing Foresight
In the new COVID-19 reality, consumers have extra time on their hands to find other ways to shop as traditional storefronts become less accessible and convenient. Several recently-published reports and surveys tracking changes in consumer buying habits reveal a growing competition between old ver...
New Lightspeed Tools Helping Small Retail Businesses
As the landscape in which small retail businesses operate in continues to change, they must adapt. The new digital tools from Lightspeed look to help retailers improve their digital transformation and address the changes taking place. The company is introducing in-store POS, eCommerce, Digital Wa...
Announcing the Launch of RetailFlorida, a Small Business Retail Support Platform
As properties reopen, RetailFlorida is here to support tenants in building their online presence to grow their retail business. MIAMI, FL - Local Florida property owners banded together to develop and launch RetailFlorida.com, a platform designed to connect property owners and retail businesses t...
US retail sales rebound, for now
US retail sales grew 7.5% monthly in June, marking another month of growth and continuing their bounce back to normalcy after the pandemic-driven plunge earlier this spring. But two key factors could make June's gains in retail sales short-lived. 1. Coronavirus cases are surging again. As a re...
Five Effective Strategies For Growing Your Retail Business
It's important for your retail company to make a concerted effort to continue growing and finding new ways to appeal to your customers. Here are five tips you can use to get started. 1. Understand Your Retail Business And The Industry It Operates In 2. Offer New Products 3. Invest In Marketing ...
Emerging technologies retailers are using to prevent the spread of the coronavirus in stores
Here's what you can expect to see on upcoming shopping trips: 1. Non-invasive crowd control and temperature screening. One if these technologies is called Density, which monitors room occupancy with the help of sensors that measure the depth and body patterns of visitors walking through doors lea...
Retail Sales Returning to Pre-COVID 19 Level
Retail sales in the United States jumped 7.5% sequentially in June 2020, following an upwardly revised record 18.2% rise in May. The reading surpassed market forecasts of a 5% gain as the coronavirus-led lockdown eased further. Consumer spending makes up about 70% of U.S. economic activity. Thus,...
The Next Phase of the Retail Apocalypse: Stores Reborn as E-Commerce Warehouses
As the demand for in-person shopping diminishes, landlords, startups and retailers are converting abandoned stores into online fulfillment centers
Operational Improvements Retailers Should Pursue Right Now
Retailers with a store organization that are still functioning and have staff on their payroll should strongly consider this period of uncertain sales as a time to realign their store operations by tackling projects they had previously delayed. Salaried employees who may not have been furloughed, bu...
Covid Boosted Retail Subscriptions Up To 145%: The New Retail Therapy?
Subscriptions is now perhaps the default way we consume music and premium video content. Is it possible that will happen for retail as well? “It’s not just media and entertainment that seems to be surging,” Recurly CEO Dan Burkhart told me recently on the TechFirst podcast. “The highest g...
8 Ways Small Business Can Emerge From This Crisis Transformed
As CEO & Managing Partner of Insight Strategies, Inc., Teri Fisher is known for integrating theory, expertise, and real-world business practices into her engagements and helping businesses through even the worst of times. Her proven eight-point transformation plan includes: 1. Over-communicate 2...
Analyzing the Role of Click and Collect Models in Transforming the Future of Retail
Quantzig, a global data analytics and advisory firm that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its recent article that examines the importance of click and collect models in retail industry. The article also offers comprehensi...
What Google Shopping's free listings update means for retail
With the ongoing health crisis leading to a major shift to eCommerce, retailers of all shapes and sizes are in desperate need for new ways to connect with consumers and keep their business moving. Enter Google. In April, Bill Ready, president of commerce at Google, announced that ‘It’s now fr...
US liquidators give retailers ‘sticker shock’ over unsold goods
America’s largest liquidation firms say retailers have been inundating them with calls to offload goods following weeks of lockdown, only to balk at the ultra-low prices they are offering to take inventory off their hands.
The Outsized Role Simon Property Group May Play in the ‘Retail Reset’
The real estate advisory firm RCLCO just released its mid-year 2020 real estate projections, which includes opinions of hundreds of high-level real estate executives. And to no one’s surprise, they stated that “the retail sector was mostly seen in full decline in June.” Further, they stated th...
6 Smart Tips to Grow Your Small Business Using Social Media
With more businesses looking to maintain connection with their customers via digital means amid the COVID-19 lockdowns, many are also looking to enhance their social media presence, and ensure that they're maximizing their engagement opportunities through social apps. 1. Curate content if you can...
10 Tips to Help Small Businesses Build and Promote Strong Brands
Building a strong brand requires businesses to use lots of different outlets and strategies. Your brand should be consistent across your website, social media, online content, and more. So if you want to create a stronger brand image, check out the tips below from members of the online small busines...
Three Types Of Retail That Will Survive The Changing Tides
1. High-Revenue Experiential Store Everything about the experience is something that you could not get online. 2. Hybrid Models Blending Online and In-Person Experiences No matter how great an online user interface, there will always be value in being able to see, touch and interact with a...
Why Does It Take A Crisis For Retailers To Get Innovative?
During the COVID-19 crisis we are experiencing tremendous innovation and experimentation on the part of just about every retailer. From curbside pick-up (and other forms of “contact-less” delivery), to appointment shopping, to the overall hyper-growth of e-commerce, and more, we’ve scarcely se...
How Beauty Retail Will Change As Stores Reopen
Stirling Murray, Founder & CEO of The Red Tree, a highly successful beauty advisory business in the U.K., said, “the beauty business is very resilient. It’s always the first industry to come out of a recession. It will come back to where it was before but the methods of doing business will be ve...
COVID-19's impact on the worldwide retail market will be worse than the 2009 financial crisis
Worldwide total retail sales are expected to hit $23.4 trillion in 2020, down 5.7% from 2019 — and nearly 12% under our pre-coronavirus estimate of $26.5 trillion. Both the magnitude of the downturn and the pace of the recovery will be harder on the retail market than the 2008-09 financial cris...
Congress Extends Small-Business Loan Program for 5 Weeks
The House agreed on Wednesday to extend for five weeks a popular pandemic relief loan program for small businesses, sending President Trump legislation to give companies more time to apply for federal help under an initiative created by the stimulus law. The move to extend the Paycheck Protection...
The Pandemic Is Rewriting the Rules of Retail
Retailers need to stop expecting business to return to “normal.” There’s no going back to how it was anytime soon. Even before the Covid-19 pandemic and economic crisis, brick-and-mortar retailers had been fighting a fierce battle against Amazon and other e-commerce players. Those challenges ...
Coronavirus Accelerates Digital Transformation For Small Businesses
"Nearly every company that could, has embraced a future of remote work. Schools were forced to turn to distance learning. Online commerce and delivery became lifelines for millions of people around the world stuck in their homes. Companies of every shape and size suddenly had to push their tech effo...
Many small business owners worry a second shutdown would be devastating
The economic shutdowns and confusing scramble for federal loans and other aid were hard enough for small business owners. But now they face even more hurdles in their bid to survive. The Paycheck Protection Program -- a major lifeline for many -- will stop issuing new loans after Tuesday. And the...
Congress nears new small business rescue with big hurdle: Lender 'fatigue'
Senate Small Business Chair Marco Rubio (R-Fla.) and a bipartisan group of lawmakers are nearing agreement on a new wave of small business rescue loans but are running into a major obstacle — reluctant banks. According to people familiar with the discussions and draft proposals seen by POLITICO...
10 Tips to Help Small Businesses Create Better Customer Experiences
Before customers can buy from you, they go on a journey. The steps they take throughout that process impact their opinion of your brand and the likelihood of doing business with you again. If you’re ready to improve the customer experience and ultimately make more sales, check out these tips from ...
Digital Transformation During COVID-19: The Gap Widens Between The Retail Haves And Have-Nots
Just four years ago, 75% of U.S. retailers said there was a dire need for digital transformation. At the time, 40% of U.S. retailers were already using some kind of artificial intelligence or digital-first strategy, while U.S. retail executives rated their AI knowledge at only 2.92 out of five. T...
5 Unexpected Ways 5G Will Change Retail ... for the Better
Most people think 5G technology is only related to the telecom industry. However, the 5G wireless network will affect more than cell phone coverage. As this next-generation network gains traction, it will have far-reaching effects for many industries, including retail as follows: Dynamic Displays...
Retail must enrich the online experience with fulfillment focused tactics
There is still a role for stores as they reopen, but apparel and beauty retailers should stop seeing them as the primary point of engagement. Instead, they should focus on the online experience, and not see e-commerce simply as a means of moving product. Fulfillment-focused digital tactics lag be...
Yahoo Small Business Offers Free Website for 1 Year with Get Online Offer
Small businesses looking to connect with customers can now get a website for free. Yahoo Small Business is offering their Get Online offer. The offer lasts for one year. That’s good news for the sizeable number of business owners looking to get a website for the first time in 2020. And those lo...
7 steps to recession-proof your small business
1. Get the word out to ‘shop small, shop local.’ 2. Stay agile, move fast. 3. Start lean, stay lean. 4. Figure out how you’ll ‘pivot.’ 5. Reduce the number of product or service offerings. 6. Be the less expensive alternative. 7. Develop counter-cyclical lines of business.
Google Is Bringing Free Retail Listings to Search
In April 2020, Google announced that it would update the Google Shopping tab to consist of mostly free product listings. Now, free listings are coming to Google’s search results page as well. Currently, when users search for a product on Google, they will see sponsored shopping links in the pro...
Google Gives Businesses Free Ads
Google announced this past week that—from now until the end of September— advertisers who utilize Google My Business will not need to pay for promoted pins, calls, clicks, or give up portions of any sales resulting from the ads. The tech giant recently introduced the promoted pins function allow...
PPP loans are ending. Here’s where small businesses can turn now
The Paycheck Protection Program is ending, meaning ailing small businesses will need to look elsewhere for funding. But where to turn? While there are other options that may be of help to entrepreneurs during the coronavirus-induced downturn, they are limited and may not carry favorable terms ...
8 Social Media Hacks for Small Businesses
Here are some essential hacks that can help you build your business’ social media presence from home: 1. Get on a schedule. 2. Don’t underestimate the power of a hashtag. 3. Boost blog traffic by promoting them on social media. 4. Partner with micro-influencers. 5. Understand the ideal ...
SBA Opens Up New Grants And Loans For Small Businesses And Independent Contractors: The EIDL Program
On June 15, 2020, the SBA announced that it was again opening up its Economic Injury Disaster Loan (EIDL) grant and loan program. This means that independent contractors, freelancers, and gig workers are eligible to receive a $1,000 grant that does not have to be repaid. Small businesses and agri...
Lowe Announces New Platform – Retail reVision – and Names Joel Mayer Executive Vice President to Lead the Retail Property Redevelopment Platform
Lowe, a national real estate developer, investor and manager, announced today the formation of Retail reVision, a new platform that applies Lowe’s decades of experience in real estate, including multifamily, office and hotel properties, to the assessment and repositioning of retail real estate. Lo...
Facebook Looks To Take Over Bankrupt Neiman Marcus' Retail Space At Hudson Yards: Report
Facebook Inc. (NASDAQ: FB) is in discussions to take over luxury fashion retailer Neiman Marcus' space at Manhattan's Hudson Yards, according to a Women's Wear Daily report Sunday.
Apple is re-closing some US retail stores in states where coronavirus cases have spiked
Apple will re-close 11 stores in the United States after coronavirus cases have spiked in some states across the country, the company announced Friday. The decision comes after Apple began re-opening stores in the US last month. Bloomberg first reported the news. The store closures will occur ...
Community Retail Is Why Fleet Feet Won Big During Coronavirus Shutdowns And Will After
#RunningIsNOTCancelled became the rallying cry for Fleet Feet stores during the coronavirus shutdown. By rapidly pivoting to e-commerce, it made sure that its 184 independently-owned retailers’ sales weren’t cancelled either. Now with the country starting to open, Fleet Feet is poised to cont...
14 Lesser-Known Money-Saving Tips For Small Businesses
1. Evaluate if expenses are really necessary. 2. Put 1% of your sales in a separate account, and increase that percentage every one or two weeks. 3. Negotiate with vendors for lower prices. 4. Have 10% of your annualized revenue in cash in the bank. 5. Reuse or recycle your waste. 6. Cut office...
Retailers Face a Data Deficit in the Wake of the Pandemic
When stay-at-home orders took hold this past March, retail sales dropped dramatically — as everybody knows. But that change in customer behavior has resulted in a phenomenon that hasn’t been talked about much: the flow of sales information to retailers’ data repositories has dried up. That’s...
Retail Sales Rebound in May, but the Future Looks Dim
National retail sales rebounded in May as thousands of stores and restaurants reopened after lockdowns were lifted and federal stimulus checks and tax refunds fueled a burst of spending. But many of the stores and restaurants that welcomed back customers last month did so with fewer employees, refle...
The Fed is finally starting its lending program for small and medium-sized businesses
Small and medium-sized businesses are finally getting some much-needed help from the Federal Reserve. The Fed's highly anticipated Main Street Lending Program is launching more than two months after it was announced at the beginning of April. While the central bank won't lend to businesses themse...
What Will the Retail Experience of the Future Look Like?
The good news is innovative ways of operating were already being prototyped on a smaller scale before Covid-19. Examining these approaches will allow retailers to use this moment of transition to pivot towards a more resilient and meaningful future. The Store as a Stage: Retailers outside of the ...
Most Small Businesses Say They’re Looking To Leave China
Even if they’re not in the business of making Lysol wipes, 56% of 635 North American small business owners surveyed by OFX, a global money transfer operator, said they are considering switching supply out of China, or have already done so. Some 61% of those sourcing product from China, and else...
U.S. Retail Sales Rose Record 18% in May
Retail sales, a measure of purchases at stores, at restaurants and online, increased a seasonally adjusted 17.7% in May from a month earlier, the Commerce Department said Tuesday. Still, retail spending remained below prepandemic levels in May, totaling $485.5 billion compared with $527.3 billion in...
$130 Billion in Small-Business Aid Still Hasn’t Been Used
As of Tuesday, more than $130 billion was left in the fund, known as the Paycheck Protection Program. Even more striking was the fact that on many days last month, more money was being returned than borrowed, according to data from the Small Business Administration, which is overseeing the program ...
Facebook Shops Opens For Small Businesses: Is It An Answer To Prayer Or Too Good To Be True?
The coronavirus shutdowns have decimated small and midsized businesses (SMB). One-third of SMBs in the U.S. never expect to reopen, according to an April State of Small Business report that surveyed nearly 40,000 small business owners and managers conducted in part by the World Bank, the Organisatio...
Amazon unveils small business credit line with Goldman in latest tie-up between tech and Wall Street
Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs, CNBC has learned exclusively. Small business owners who sell items on the e-commerce giant’s platform will soon be receiving targeted invitations from Goldman’s Marcus brand for credit li...
How to Protect Your Small Business From Cyber Attacks Right Now
Unprecedented numbers of professionals are working from home, and small- and medium-sized businesses without clear data security policies in place are particularly at-risk right now. “Employees are dispersed and on different devices, and you don’t know what they’re doing. This opens up vulnera...
Small biz owners just got more time to use their PPP loans. Here's what else you need to know
More time to spend the money: Instead of eight weeks, borrowers now will have 24 weeks from the day they get their PPP funds to use them. Less money must be dedicated to payroll: To qualify for full forgiveness of their loans, borrowers now must allocate at least 60% of their PPP funds for payrol...
US retail shows tentative signs of recovery
"In the latest sign that the world’s biggest economy may be emerging from the worst of the pandemic-induced recession, data collated by Mastercard published on Wednesday showed total US retail sales, excluding the automobile sector, dropped 5.6 per cent in May from a year ago. In April, the figure...
US retail sales to decline 10.5% in 2020: eMarketer
According to eMarketer's latest forecast on U.S. retail sales, total retail sales — including auto and fuel sales — will drop by 10.5% to $4.9 trillion this year, but e-commerce is expected to increase by 18%. On the brick-and-mortar side, retail sales will decline 14% to $4.2 trillion in 20...
Retail Trade Groups Test Post-Pandemic Strategies
The consortium is made up of GMDC’s Retail Tomorrow, the International Housewares Association and the National Grocers Association (NGA). The group has not announced any formal ties but it has issued an open letter to their members and the retail industry at large urging them to include non-essent...
Mall Landlord Simon Property Terminates Taubman Deal as Coronavirus Hits Retail
Simon Property Group Inc. is terminating its $3.6 billion deal to acquireTaubman Centers Inc., saying the rival mall owner didn’t respond appropriately to the business challenges caused by the coronavirus pandemic. The deal, announced in February, would have combined two mall landlords as the i...
Three Ways AI Video Surveillance Will Transform The Retail Customer Experience
As we enter a “new normal,” it will be essential for retailers to create an environment where consumers feel comfortable returning to stores. To do this, many are investing in artificial intelligence (AI) solutions that monitor social distancing, in-store occupancy and even mask wearing. The ubi...
How To Reopen Retail Stores And Malls
For consumers and customers: 1. Consider ordering items online for delivery or curbside pickup 2. Wear a mask that covers your nose and mouth and try to stay at least six feet away from other shoppers and employees. 3. Prepare to be compliant. Some stores will require masks or temperature checks ...
5 Examples Of What Post-COVID Retail Will Look Like
After being closed for months, retail stores around the country are starting to open. But stepping into a retail store today is dramatically different than what it was like even just a few months ago, and we’ll likely see the impact for years to come. COVID permanently changed the retail world, an...
Restaurant-Retailers Think Outside the Box and Grab Outdoor Space
Restaurants are re-thinking real estate in the slow-reopening phase of the pandemic recovery, driven by a 50 to 75% reduction on interior customer capacity that will last months longer than many had expected. One trend, the push to allow table service on more outdoor sidewalks, plazas and even stree...
Shopping reinvented: America's stores, malls reopen with masks, curbside pickup and closed fitting rooms
Malls and stores that have been off-limits for shoppers with all of the stay-at-home orders are opening the door to a brand-new shopping experience vastly different from what we all knew when most closed in mid-March. Welcome to a new phase of COVID-19 pandemic shopping where there are fewer plac...
Niche online brands are surging as stay-at-home orders lead to spike in e-commerce sales
Consumers have spent the past couple decades shifting their spending habits to the internet. Now, with local stores closed and millions of people social distancing, the web has become — by default — the place we shop. In a tweet last week that went viral, industry newsletter 2PM posted the wo...
Five Below reopens stores; resumes expansion program
Five Below is not backing down from its aggressive store expansion. The extreme-value tween and teen retailer, which has opened 40 new stores so far this year, continues to expect to open 100 to 120 new stores in 2020. Five Below said that it has reopened more than 75% of its 900-plus stores a...
Office Depot’s New Tech Aims to Boost In-Store Service and Omnichannel Access
Office Depot is leveraging some of its newest hand-held technologies as it adjusts its operations during the COVID-19 crisis. The retailer, which also operates the Office Max chain, said its stores remain open as essential businesses specializing in school and office supplies, offering online ord...
Southeastern Grocers to Open 8 Winn-Dixie Stores
Southeastern Grocers Inc. (SEG), parent company of Bi-Lo, Fresco y Más, Harveys Supermarket, and Winn-Dixie grocery stores, has revealed plans to expand in Florida with eight new Winn-Dixie stores before the end of this year. The Jacksonville, Fla.-based retailer is converting its recently acqui...
How Lowe’s is finally emerging as a strong e-commerce player
Lowe’s has spent decades helping customers make repairs to their homes. Now it’s successfully carrying out its own fix-up job in its e-commerce business. The single biggest factor helping Lowe’s take advantage of the surge in home improvement spending was an e-commerce operation that is far...
Reopening South Florida: Broward Beaches, Gyms, Hotels Open Tuesday With Restrictions
Gyms, beaches, and hotels across Broward County are each allowed to reopen Tuesday after being closed for months because of the coronavirus pandemic. “It’s nice to finally be able to get back into it,” said Brian Stepp who was the first person to arrive at Upload Fitness in Fort Lauderdale ...
House votes to ease restrictions on coronavirus small business loans
The House passed a bill Thursday designed to give small businesses owners more flexibility in how they spend money from a key coronavirus aid program. The Paycheck Protection Program, one of the core parts of the $2 trillion pandemic rescue package passed in March, includes standards for how com...
Walt Disney World Resorts Announces Plan to Reopen July 11
Walt Disney World Resorts has announced a plan to begin reopening the Orlando park on July 11. Pending approval by the Task Force, Magic Kingdom and Animal Kingdom will open July 11 and Hollywood Studios and Epcot will open July 15. Restrictions to limit large gatherings will be in place, with pa...
Need small business relief money? Orange to begin updating site on grant program today
Starting today, small businesses owners in Orange County, anxious to learn how to claim a $10,000 share of coronavirus relief aid, can find out how to apply. Orange County Mayor Jerry Demings announced his staff would begin adding details to ocfl.net/orangecares, a web site created to keep small ...
Tips For Navigating The Current Climate As A Small Business
The COVID-19 pandemic has hit many small businesses like a hurricane. I have been both a small business owner and a small business consultant for the last 10 years, so I know what it’s like to deal with a crisis. Here are some of my suggestions for navigating the current climate. 1. Use Faceboo...
Digital marketing amid coronavirus: Go for the low-hanging fruit with freebies and deals
Whenever I give a webinar, I always explain there are two types of marketing a small business can do: 1. There is the branding move, whereby you are ingraining the name of your business and/or slogan in people’s mind. 2. Then there is the “sell now” promotion. This is where a marketer wa...
Retail sales growth fell to new depths in April as the pandemic continues
US retail and food services sales fell 21.6% year-over-year (YoY) in April, a steep deceleration from the -5.7% YoY growth the industry posted in March, per estimates from the US Census Bureau. And retail's performance is rapidly deteriorating during the pandemic, with retail and food services sales...
Treasury Eases Terms for Small Businesses to Convert Loans to Grants
A fact sheet released on Friday said businesses could get forgiveness without rehiring all their employees if the layoffs occurred early on during the lockdowns. The Treasury Department on Friday made it slightly easier for small-business owners to avoid having to repay government-backed loans th...
Small businesses can apply for PPP loan forgiveness. These questions remain unanswered
Small-business owners who borrowed from the federal Paycheck Protection Program program can now apply for loan forgiveness. The PPP loan, which was established by the CARES Act, is intended to cover up to eight weeks of wages, mortgage interest and other expenses. The amount borrowed is suppos...
In a Downturn, Include Your Employees in Cost-Cutting Decisions
Democratizing the collection of data and recommendations allows leadership teams to gain a much clearer picture of activities and initiatives underway within their organization. It also offers a more detailed lens through which they can evaluate which activities are the most valuable to achieving st...
From salons to theme parks and shopping malls: What’s reopening in Central Florida and when?
If you’re looking to get a haircut, you’re in luck. If you’re dreaming for a day at Magic Kingdom, not so much. As phase one of Florida’s reopening continues, more Central Florida businesses are reopening their doors following the peek of the coronavirus pandemic. Channel 9 compiled a ...
Loan Forgiveness Under The PPP And SBA EIDL Programs: 10 Things Small Businesses Need To Know
Many small business owners still have questions about both obtaining the PPP and EIDL loans as well as how the forgiveness works. A good start in answering your questions is to look at the Read More
How Will Coronavirus Impact Credit Scores And Small Business Lending Once The PPP Program Ends?
Although the PPP lending program initially got off to a rough start, small business owners are reporting that are now able to secure government-backed funding that is helping to keep their companies alive during these uncertain times. We don’t know how much things will change when we get back t...
Some Small Businesses That Got Aid Fear the Rules Too Much to Spend It
Requirements for using federal coronavirus loans are complicated and confusing for owners. “It’s chaos,” one lawyer said. The $660 billion Paycheck Protection Program was meant to extend a lifeline to small businesses battered by the pandemic, allowing them to keep employees on the payroll....
$175 billion in small business loans given out in second round of the Paycheck Protection Program
The Trump administration announced Sunday that 2.2 million small business loans worth $175 billion have been made in the  second round of the ...
Restaurants, retail stores across Florida to start reopening on Monday as phase one begins
On Monday, Florida begins phase one of the 'Safe. Smart. Step-by-Step. Plan for Florida's Recovery.' Described as a "small, deliberate, methodical," step by Governor DeSantis, restaurants and retail stores can reopen with limited capacity. Phase one of reopening Florida includes, among others:...
6 Ways To Rebuild Your Small Business After COVID-19
Having an exit strategy in place for after COVID-19 can help you be prepared to hit the ground running and rebuild. If you’re not sure what your coronavirus exit plan should include, this guide can help with getting your business back on track. 1. Assess the Financial Damage 2. Take a Second...
Retailers Face Challenges as They Set Store Openings
With more than 630,000 retail doors shuttered due to the coronavirus outbreak, according to Coresight R...
How to Rethink, and Redefine, Retail Stores
The worldwide COVID-19 pandemic has dramatically increased the already painful disruption of the retail industry and will accelerate the much-needed transformation of “brick and mortar” stores. With social distancing the new normal, at least into the foreseeable future, retailers must adopt alte...
Retail Stores Create The New Normal As Businesses Begin To Open Up
Retailers will need to create a new normal environment Retailers are shifting their existing business models to create in-store practices that provide safety and comfort for shoppers and employees. Mark A. Cohen, director of retail studies and adjunct professor at Columbia Busine...
Rapid Evolution: Three Ways The Pandemic Will Revolutionize Retail
The outbreak of COVID-19 is causing a step change—online, in stores and in shopper behavior. It’s not just evolution, but a retail revolution. The first and most obvious shift is to online retail, particularly in grocery shopping. In a second and corresponding trend, we are seeing a major jol...
Uber adds retail and personal package delivery services as COVID-19 reshapes its business
Uber is introducing two new types of services, the company announced this week, including Uber Direct and Uber Connect. Direct is a delivery platform for retail items, while Connect is a peer-to-peer package deli...
A tsunami of bankruptcies are about to wash away America's retail sector
As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping up to be a busy summer of running going out of business sales at some very prominent chains. “Some companies are just not going to survive this,” says McGrail, who is the COO ...
How Retailers Can Reach Consumers Who Aren’t Spending
U.S. retail sales dropped a historic 8.7% in March, and moving forward are expected to drop 20% (at least) according to the National Retail Federation. Retailers are in turn laying off staff and scrambling to understand their options. Where are the opportunities for retail marketers and how can they...
JCPenney is reportedly eyeing bankruptcy and experts say other department stores and mall brands may soon follow as coronavirus decimates the retail industry
US retail sales fell a historic 8.7% from February to March, led largely by drops in clothing and accessories sales...
Coronavirus: 'There's going to be a generalized crushing of retailers in America'
“There is going to be a general crushing of retailers in America,” PJ Solomon founder and chairman Peter Solomon said on Yahoo Finance’s The Final Round. Solomon has spent decades facilitating deals and crafting restructurings in the ret...
Grocery Retail Is Going To Be Permanently Disrupted By Coronavirus
For the first two months of the year, American retailers were enjoying a boom, with retail and food service sales up 6.5% year-over-year. Come March, the boom went bust as the coronavirus took root here, resulting in  Read More
Retailers Are Looking To Hire Almost Half A Million Workers Because Of Coronavirus
Even as so many workers are being laid off by retailers, hotels, airlines, restaurants and virtually every other type of business in the country, another group of retailers is on a hiring spree, with as many as 500,000 open positions in need of being filled.
Best Buy Committed to Providing Products People Need
Except where otherwise directed by state and local authorities, starting Sunday, March 22, the company is shifting to enhanced curbside service only for all of its stores on an interim basis. This will allow the company to conti...
Inside ‘Amazon Pop Up’ in Seattle: Tech giant offers themed selection at latest physical retail concept
Amazon is popping open the doors on its latest brick-and-mortar retail concept Friday in Seattle with the arrival of Amazon Pop Up, a rotating shopping experience where customers can go hands-on with a themed selection of items.
Can Experiences Save Retail?
Large chain stores are starting to close throughout the U.S., but can experimental retail save this growing trend? And how difficult is it to get these inventive stores approved by the city?
Walmart Is Ramping Up Direct Competitors To Amazon Prime, CVS
Walmart is rolling out a string of in-store health clinics at the same time as it is reportedly developing Walmart+, a paid subscription service similar to Amazon Prime.
Ethnic restaurants thrive in U.S.
A steady expansion of ethnic and international restaurants have put momos (Himalayan dumplings), Hawaiian poke (raw fish) bowls, and wraps on laffa (Mediterranean flatbread) onto U.S. meal plates, thus challenging the entrenched Italian, French and Mexican offerings.
Entrepreneurs Behind Topgolf Swing for High-Tech Miniature Golf
The inventors of Topgolf, the provider of simulated driving ranges, are rolling out nationwide expansion plans for another indoor retail concept: high-tech miniature golf.
Growing South Florida Market Plans More Retail for Rooftops
A developer is expected to begin clearing land in March for a shopping center designed to serve an emerging corridor in suburban Delray Beach, Florida.
JC Penney Expands Curbside Pickup at 50 US Stores in Latest Retail Trend
Department store chain J.C. Penney Co. is expanding curbside pickup to 50 additional locations throughout the United States as it joins other retailers looking to lure customers to stores by offering more convenience.
Panera Bread starts unlimited coffee subscription for $9 a month
Ever wished you could pay a flat fee for endless coffee on the go? Panera Bread has brewed up a hot project with that very pitch, offering an unlimited coffee subscription for $8.99 a month.
Publix and Aldi to buy Lucky's Market leases in Florida
Lucky's Market plans to close 32 of its 39 U.S. stores, including 20 of its 21 Florida stores.
Retail therapy, a real thing
You’ve probably heard that going shopping makes people feel better. Or maybe you’ve even felt it, thinking that it was something that only happens to you. But you are wrong. The idea that shopping makes people feel better - or that shopping helps reduce sadness or stress is real. This was demons...
A new platform to support our community
At Retail Florida, we are proud to announce the launch of a new platform supported with an online site, a Twitter, a Facebook and an Instagram...
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