The National Retail Federation (NRF), the world’s largest retail trade association, has petitioned the Centers for Disease Control and Prevention (CDC) to include retail workers in the early phases of COVID-19 vaccine distribution.
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The new $900 billion COVID stimulus package passed this week by Congress contains a number of new provisions that could directly affect BrandSource members, including additional Paycheck Protection Program funding (PPP) and relaxed deductibility rules.
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Over 500 state and national trade associations, including the National Retail Federation (NRF), the National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce, are pressing Congress to restore tax deductibility for business expenses paid with forgivable Paycheck Protection Program (PPP) loans.
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In the wake of criticism for issuing Paycheck Protection Program (PPP) loans to financially viable companies like Shake Shack and the Los Angeles Lakers, and amid suspicion of widespread program abuse and fraud, the Small Business Administration (SBA) is seeking permission to question borrowers who received $2 million or more in PPP loans.
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A renewed wave of COVID-19 is surging across the country, and BrandSource members are not immune.
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The United Appliance Servicers Association (UASA), a BrandSource partner and arguably the nation’s largest appliance repair trade group, has pulled the plug on next February’s Annual Service Training Institute (ASTI) due to COVID-related health concerns.
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Tempur Sealy plans to employ an antimicrobial and antiviral technology to select Sealy, Tempur-Pedic and Stearns & Foster mattresses in 2021.
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Here’s another interesting effect of the coronavirus that we didn’t expect or at least use in our estimates for economic expansion or contraction: COVID-19 has greatly reduced the time we spend on the highways.
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I have been following America’s economy for more than 60 years and have documented some extraordinary events over that time, but nothing prepared me for what I have witnessed in 2020.
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As we continue to navigate our way through business during COVID-19, we have to remind ourselves that it’s imperative to make sure our shopping environments are always safe, informative and upbeat, whether we’re in a pandemic or not. It just makes long-term sense to operate this way.
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It was just ten short years ago when businesses had the upper hand in hiring, and finding good employees was as easy as putting up a “Help Wanted” sign or posting something on social media.
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In his keynote address at the 2020 Virtual Convention, AVB Merchandising VP Chad Evans suggested that COVID would quell the Black Friday queues that traditionally circle box stores on Thanksgiving.
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COVID-19 has certainly altered the retail shopping landscape, at least for the time being.
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Replacement sales of home goods have soared during the health crisis, as consumers spend more time at home and imperfections in their appliances and home furnishings become more apparent.
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It is a new way of life in America since February of 2020 and I am trying to make predictions about the U.S. economy while I shelter in place here at my home in Washington. Our economy is opening up, but the news has not made it any easier to gaze into the old crystal ball and tell you what is going to happen.
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Tom Balistreri and his team at Colders Furniture and Appliance in Milwaukee embraced a new maxim when the COVID crisis first hit these shores: “We need to be flexible; we need to be resilient; and we need to persevere!”
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As Congress still wrangles over the next stimulus package and COVID flares up in new parts of the country, economists, executives and independent owners are expressing their concern for the well-being of small businesses.
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While Congress wrangles over the next phase of pandemic relief, BrandSource reminds members that there are still plenty of federal funds out there just waiting to be dispensed.
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In an open letter to retailers this month, Serta Simmons’s Chief Sales Officer Derek Miller said the company is committed to absorbing cost increases caused by the global pandemic.
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The spread of COVID-19 has done more than put a crimp in vendors’ second-quarter earnings.
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