The federal government has revised some of the more onerous stipulations of the Paycheck Protection Program (PPP), and has provided new application forms for the loans, which remain available through June 30.
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Two of the top tech and appliance retailers, Best Buy and Apple Stores, are starting to reopen locations across the country as restrictions ease and consumers clamor for access to retail stores.
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The nation’s economic recovery from the COVID-19 crisis is likely to be an uphill climb and will probably vary by location.
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With stay-at-home rules in effect across the country, consumers are using their appliances more than ever, giving their machines the workout of their functional lives.
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Three of the country’s largest appliance makers have temporarily closed select plants to thwart the spread of coronavirus and allay the concerns of workers.
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BSH Home Appliances is closing its U.S. manufacturing facilities in New Bern, N.C., and LaFollette, Tenn., until mid-April.
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At least two major white-goods manufacturers, GE Appliances (GEA) and Electrolux, plan to tap the brakes on production amid the spread of coronavirus.
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The Home Depot has developed a hearty appetite for delivery and fulfillment services since taking those functions in-house, and the decline of one-time industry leader Sears has only whetted it more.
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Despite the uncertainties of coronavirus, a presidential election and a lingering trade war, total retail sales in 2020 are expected to increase between 3.5 percent and 4.1 percent, to more than $3.9 trillion, the National Retail Federation (NRF) forecasted.
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GE Appliances (GEA) has taken the wraps off its $125 million plant expansion in Decatur, Ala.
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