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  • Retailers that are smartest about shopping tech will finish on top after the pandemic recedes Targets April e commerce has nearly quadrupled as crowd controls slam in store sales How Home Depot and Lowes are preparing for their busy season during coronavirus era uncertainty The comfort economy gains momentum during the coronavirus pandemic Listen to Leadership Next , a Fortune podcast examining the evolving role of CEOs WATCH

    Retailers that are smartest about shopping tech will finish on top after the pandemic recedes Targets April e commerce has nearly quadrupled as crowd controls slam in store sales How Home Depot and Lowes are preparing for their busy season during coronavirus era uncertainty The comfort economy gains momentum during the coronavirus pandemic Listen to Leadership Next , a Fortune podcast examining the evolving role of CEOs WATCH

    Retailers who are the smartest about technology purchases will finish on top after declining pandemic ecommerce Targets April has almost quadrupled as crowd control slamming into sales shops The Home Depot and Lowes are preparing for their busy season during the era coronavirus uncertainty gains dynamic comfort of the economy during the pandemic coronavirus Listen leadership Then a Fortune podcast review the evolving role of CEO WATCH. What is a 100,000 square foot Neiman Marcus store even more? Leaner and meaner observers believe a leaner, more focused Neiman will be a more viable Neiman. Neiman stores are undoubtedly elegant and pleasant. The glamorous shops is necessary, Driscoll said. But it needs a new generation of buyers. More to read Fortune retail coverage. This isnt to say Neiman advantage of not running a loyal customer. Yet in spite of its stamp, the chain is struggling to follow in luxury wars. The Neiman Marcus Hudson Yards in New York hosted a Fashion Week panel CBD in 2019. Whatever the form that will be easier to do with fewer stores. Eugene GologurskyGetty Images for Neiman Marcus Since the passage by buyers away from the luxury stores in recent years, many see the maturity of the landscape for consolidation. It’s the same sea of ​​sameness that injured the big Macys stores, J.C. With fewer stores, Neiman would be able to make those that remain more dazzling and distinctive. But all this makes the question even more pressing. The ladies who lunch are what the typical buyer might. There is too much capacity too few dollars, Dennis said. What’s more, Neiman has done its premium will be no favors last decade developing a fleet discount Last Call stores. And then there Farfetch and Net a Porter, who poached a lot of business. The point of a store is not on navigation, hoping for a nice surprise. Neiman ceased to make public financial statements last summer when the number of its creditors fell below the threshold set by the US The idea would be to have more weight with brands and cutting shops on markets where they have locations near each other. As much as Neiman Marcus can embody the ultimate in luxury retail, it sells a lot of the same merchandise as the chain Macys Incs Bloomingdales, Nordstrom, and Saksbrands as AG Yet even at the very high end, Neiman faces much more intense competition ten years ago, not only Saks, but its own suppliers. You just go into the den of lions where affordable luxury Theres a lot of competition, said Steve Dennis, a former executive of Neiman Marcus and Chief SageBerry Consulting. Whether or not this happens, and if Neiman seeks bankruptcy protection, the company most likely to become a more slender retailer to keep its place in the rich affections of buyers and carve out a distinctive niche for itselfall sales of luxury more data is already cratering, as evidenced by the quarterly results of LVMH and other conglomerates. shop To maintain national fleet now 43 stores, making it the largest luxury service business, to Saks Fifth Avenue and Bloomingdales, Neiman cast a wider net than in its heyday. Young consumers are not as married to one or more retailer brand and today the luxury buyers are happy to match a designer dress with vintage shoes from a thrift store and a handbag, they TJ Neiman Marcus, based in downtown Dallas in 1907 and for decades destination rigor of the fashion for ladies of society and debutantes as well, is famous for its super stylish emporiawith designer clothes presented in sumptuous sets with art by Roy Lichtenstein and Matisseand its top restaurants. There, again, the market speculation that the parent company Sakss Bay Co. Hudsons, take a stab at buying Neiman, this time in the court of bankruptcy and mergers, while keeping separate chains. The old iconic retailerwhich 113 years has struggled for years and is now pushed to the edge of the pandemic forcing shops to close indefinitelyis would almost deposit for Chapter 11 protection on Sunday, with emergency funding 600 million $ aligned, hoping to restructure itself as a healthier, and probably leaner business. A spokeswoman for Neiman Marcus declined to comment. The company said in March it started to close all but three of them to consolidate its luxury image. Luxury brands like Chanel themselvessuch, Brioni, Dior and Salvatore Ferragamohave opened much of their own stores in the last decade and have largely strongest websites they used to. A former CEO Neiman complains it a few years ago that Neiman buyers became less faithful stores and visited less frequently. Neiman wife already the cause that ethics in many ways. (Fortune in December predicted HBC buy Neiman and close a third of each chain stores.) HBC declined to comment. Approximately 31% of Neiman customers in households with a net worth of $ 1 million. denting its luxury CRED. Observers point Bergdorf Goodman, owned by Neiman Marcus Group and Harrods in London as models. To be fair, the e-commerce front, Neiman is no exception. Penney and Kohls, but luxury. Looks like the sale of many of Alexander McQueen dresses for $ 13500 and Kiton biker jackets for men for $ 10795 will not be enough spare Neiman Marcus to seek bankruptcy protection. And given how luxury shopping is likely to be hurt by the pandemic, the case is stronger. His most regular customers spend an average of $ 16,617 a year there, the company said in Fortune last year. Thats not the people lifestyle to live, said Marie Driscoll, CEO of CoreSight Researchs luxury and practical fashion. About 36% of its turnover is digital, more than Nordstrom or Saks get. And its huge debt burden of $ 4.9 billiona figure slightly larger than the annual sales and the result of two buyouts since 2006has handcuffed society. Young buyers browse on Pinterest and Instagram to get ideas. HBC had tried three times in the last decade


  • Europe chose a different path PayPal CEO says coronavirus is giving his business a tremendous surge Everything you need to know about furloughs and what they mean for workers Filing for unemployment benefits ? What to know before you start your claim PODCAST: COVID 19 might have upended the concept of the best companies of the year WATCH: The U.S

    Europe chose a different path PayPal CEO says coronavirus is giving his business a tremendous surge Everything you need to know about furloughs and what they mean for workers Filing for unemployment benefits ? What to know before you start your claim PODCAST: COVID 19 might have upended the concept of the best companies of the year WATCH: The U.S

    Europe has chosen a different path PayPal CEO says coronavirus gives his company a tremendous boost All you need to know about furloughs and what they mean for workers filing for unemployment benefits? What to know before you start your application PODCAST: Covid 19 would have changed the concept of the best companies of the year WATCH: The United States should read more stories of Fortune: Big Pharma has the chance to come to the aid of US companies laid off worlds 22 million during the past month. But how can an employer know the difference? And if they ask even if a worker is microdosing at work? The answer is different in each case. The objective of micro dosing is not necessarily to get high. You’d be surprised how many people are microdosing during the working day, said Dr. It hasnt stopped people from taking smalldoses of THC largeand. As medical marijuana moves mainstream in many states, it puts employers in a difficult situation: How do you handle when an employee takes little amountsknown as micro dosesof THC throughout the work day to manage a condition medical if her headaches, anxiety, or pain? Is this the same as taking a Tylenol? Is it safer than an opiate? And employers need to know? This is an incredibly complicated issue, said Mary Kay Oneill, clinical senior consultant for HR consulting firm Mercer. Many employees DonT their micro dosing Divulge fear by cannabis being passed over for promotions or even fired. As a company we trust people with very dangerous drugs, however, Dr. marijuana becomes more prevalent, employers change their attitude towards drugs. This is partly because the test isnt marijuana perfect: Cannabis can remain in the bloodstream for several days after a person has used the drugeven if theyre not high. Unsurprisingly, most workers are tiptoeing around the issue of THC at work. But regarding the use of jobeven in small dosesemployers have mixed reactions. Some experts even suggest that DonT necessarilyneed employees to disclose their habit of taking small doses of THC during working hours. As mountsand anxiety as more people work at home in the middle of the 19 Covid pandemic, and marijuana dispensaries remain open under the orders lockdown state, experts predict that the prevalence of micro dosing can not grow. Although Kevin has a prescription for various opioid analgesics, and prefers instead a micro dose of marijuana because it doesnt get high. Shortly after the accident, at age 17, doctors gave him methadone for pain, but he refused. Although medical marijuana is legal in 33 states, the drug is still illegal at the federal level and is classified as a Schedule 1 drug by the Drug Enforcement Agency. Its almost impossible for national companies to navigate this territory, where they’ve got workers scattered over several statesincluding those where marijuana is still illegal. I think his situation do not ask, Do not tell, said Chris Golden, CEO of electric Rye, an LA New Jersey Court of Appeal, for example, recently ruled in favor of an employee and asked her employer , a construction company, to cover the cost of medical marijuana used to treat pain resulting from an industrial accident. scattered Advising employers on a case by case situation, said Dori Stibolt, an employment lawyer in Florida at Fox Rothschild. Heres why Subscribe to home, a daily newsletter overview of stories on pandemic coronavirus and its impact on world affairs. Many great candidates failed the test, AutoNation spokesman Marc Cannon said Thelos Angeles Times last year. In fact, respect for the laws of marijuana is one of the biggest challenges facing employers in 2020, according to a survey of 700 HR professionals byXpertHR online HR resource site.Nearly a quarter said that they areextremely challenged byfederal, state and local recreational and medical marijuana laws and managing the consumption of drugs employed, compared to 5.7% in 2017.Rapidly change laws, they said, have createdcomplications for employers who want implementdrug free workplace policies. Patients true, Goldstein said, are not looking for an intoxicating effect. Postal Service is in deep financial trouble. Goldstein. A small dose of THC can get a very high person as he may not affect another. A little THC at a very low dose makes the pain more manageable, but I’m not altered, he said. sales of small doses of THC productsusually edible oils and providing 2.5 mg to 5 mg THC timejumped to 45% last year and 23 new small-dose products on the market, according to BDS Analytics, which tracks sales marijuana sales.Butthose were still microphone, constituting 1.3% of the global market of $ 1.13 billion edible. Bonnie Goldstein, a physician who directs the Canna centers, clinic medical marijuana in Los Angeles. Kevin, a 30 year old pharmacist who asked to go only by his first name, told his employer that he takes 2.5 mg to 5 mg of THC oil daily for neuropathic pain after leg one car accident as teenager.Kevin said his employer agreed with its medicinal use of the drug, but rarely told others about his micro dosing. And, under the laws say civil, at least 19 states now offer legal protection for employees in case of marijuana-related discrimination. Oklahoma, for example, saw the number of people with medical marijuana cards pushed 200,000 in the space of three months last yearmaking at least 5% of the states 4 million citizens. Using THC work would be more worrying for a truck driver or bulldozer, while a micro receptionist dosage may be less of a concern. Yet over the past two years, the courts are increasingly siding with employees in cases of discrimination marijuana. And because of this, theres very little research showing the efficacy of cannabis on a variety of medical conditions that her multiple sclerosis, neuropathy, anxiety or depression, says ReemaHammoud, director of clinical pharmacy health insurer Sedgwick. And no industry standards by the Food and Drug Administration, the real THC dosage may vary depending on the product and experience. Marijuana is like alcohol


  • Representatives for the other companies didnt respond to requests for comment. John Arensmeyer of Small Business Majority, an advocacy group for small firms, said he has been disappointed that larger companies have been able to take advantage of the loan program over smaller ones. Most of the money has gone to much larger entities and the very small entities for the most part have been left behind, he said

    Representatives for the other companies didnt respond to requests for comment.

    John Arensmeyer of Small Business Majority, an advocacy group for small firms, said he has been disappointed that larger companies have been able to take advantage of the loan program over smaller ones.

    Most of the money has gone to much larger entities and the very small entities for the most part have been left behind, he said

    Representatives of the other companies did not respond to requests for comment. John Arensmeyer majority of small businesses, an advocacy group for small businesses, said he was disappointed that large companies were able to benefit from the loan program on the little ones. Most of the money went to much larger units and very small entities for the most part have been left behind, he said. , But without success. Comellas said he’s upset that the money went to large companies Ruths Hospitality Group Inc., which received $ 20 million in loans, according to a Securities and Exchange Commissionfiling. and a chain of Tex-Mex restaurants with over 10,000 employees, received loans through a major relief program for small businesses. With a loan of $ 349 billion package for owners of small businesses nowexhausted, a review of regulatory filings shows that chain restaurants and businesses in industries ranging from mining to manufacturing Cruise Travel received large amounts while many smaller companies like neighborhood restaurants and hair salons were locked out. The information could fuel calls for Congress to provide another round of funding to maintain thousands of mom-and-pop businesses afloat amid locks of the state. Annual sales totaled companys $ 661 million and there were about 10 500 employees at the end of last year. chain Potbelly Sandwich Corp., which had sales last year of $ 410 million and employs 6,000 people, also received $ 10 million. Other companies that reported obtaining financing small businesses are Zagg Inc., which makes protective coatings forsmart phones and had $ 522 million in sales last year; Hallador Energy Co., a coal mining company at $ 323 million in revenue in 2019; -Travel adventure and cruise companyLindblad Shipping Holdings Inc. Theres not representative of how much money small businesses have received to date. Astatement of the SBA and the Treasury Department said, the vast majority of these loans 74% of them were for less than $ 150,000, demonstrating the accessibility of this program, even the smallest of small businesses . But SBAreport showed that about 2% of companies approved for loans accounted for nearly 30% of the funding. , Who reported $ 343 million in sales last year; and data storage company Quantum Corp., with $ 403 million in sales. A spokesman said Potbelly Congress allowed the restaurants funding because their workers are essential to our economy. The restaurant chain raised $ 468 million in sales last year and employed about 5,700 people. Ruths home has people working and newspapers in the lobby and get things that they need to get $ 20 million, said Comellas. The loans are converted into grants if a company keeps its payroll and wages. But because the ceiling of 500 employees refers to one place run by the hotel and restaurant businesses, chains like Shake Shack may apply. Shake Shack is one of the fastest growing food companies in America, with $ 595 million in annual sales. The National Federation of Independent Business, the largest group representing small businesses in the country, asking Congress to approve $ 400 billion more for the program with at least $ 200 billion goes to companies that have 20 or fewer employees. Ninepercentof the pot went to companies like Fiesta Restaurant Group Inc. He received the maximum of $ 10 million under the program. Although more money is put into the system, we really need to establish priorities very small companies on publicly traded companies. When asked at the beginning of deployment on the concerns of small business owners that they would not get funding, Trump praised the program. Negotiations to replenish the fund hit hit a dead end last week with Republicans calling for more money and add Democrats also demand changes to ensure small businesses get loans, and more money for governments and provincial and local hospitals. Asked whether these large companies should be eligible for listed funds PPP traded, President Donald Trump on Sunday spoke of the role that franchised small businesses. I do not know much about any of these companies. Even if you have companies like mine who are buried, small businesses to be buried because we thought we heard. Funding rescue known Paycheck Protection Program is designed to help companies that people of employup to500, workers compensation and certain expenses such as rent for two months. who got loans at least $ 5 million. Rose said she and her team jumped on a conference call and literally cried to each other when they heard the money was exhausted. concept Its disgusting just enough that you hear about all these companies that have been funded and are able to pay their employees, said Rose. Fiesta, which owns and franchises restaurants Pollo Tropical and Taco Cabana, said in a regulatory filing that it has $ 10 million. These are loans that are paid immediately. He said he tried to get $ 10,000 Bank of America Corp. The company did not respond to a review of search request. In the US These are loans that get return business. Recording a city: How Seattles giant companies came together to flatten the curve How Fortune 500 companies use their resources and expertise during the pandemic Inside the economy surreal mask: predatory pricing, bidding wars and armed guards Researchers working on the search for contacts say they welcome Apple and Google’s help How all sectors of the S & P; 500 was impacted by the sell coronavirus If you’ve been a little busy lately, heres what happens with the 2020 election Looking for a refund of travel? Here’s what airlines, hotels and theme parks offer PODCAST: Covid-19 could have changed the concept of the best companies of the year VIDEO: 401 (k) withdrawal penalties to give harm to anyone by Covid-19 Subscribe to home, a daily newsletter overview of stories on pandemic coronavirus and its impact on world affairs. Treasury Secretary, said Saturday that eligibility for the PPP should be engaged to open the window to smaller companies, florists, pizza shops, etc. In the next round, we have to cut the hedge funds and strengthen small businesses that hold communities, Summers said in a tweet that summarizes an interview with CNN. More than a dozen listed companies a turnover of more than $ 100 million, including Shake Shack Inc., Potbelly Corp. Ruths Hospitality didnt respond to a request for comment. and online companies PayPal Holdings Inc. Small Business Administration program, in collaboration with nearly 5,000 lenders who pay loans, approved applications for $ 342.3 billion in 13 days, with the remaining $ 349 billion going to costs and treatment. Nancy Pelosi said the closure of the Congress to find a bipartisan agreement in an interview with ABC News This Week with George Stephanopoulos that aired Sunday. Many small businesses that have flooded the banks with applications are livid that they were left in the cold. These are loans. But many times they’re owned by franchisees, they have one or two places, Trump said at a press conference in the White House. Shake Shack says on its website that it does not work right to vote. While the tense discussions in the weekend, Trump reported possiblecompromise that could add $ 75 billion for health facilities, in addition to $ 250 billion more for the small business program. We also need to give money to those who do not cost the life of a profit, but are there to help others. Some business owners like Lupe Rose found the process very disappointing. So much of it depends on what the formula is. Some branches of Potbelly sandwich shops and Ruths Chris steak houses, which also received PPP funds are operated under franchise. , A Lancaster, California, beverages and distributor of manufacturer unsuccessfully applied for a loan by Wells Fargo & Co. While hamburger chain has fewer than 500 workers at each site, there were about 7600 employees in many places at the end of last year. and Kabbage Inc.