More Store Closings Due to 2020 Pandemic

When it comes to retail, more than 6,300 stores will be closing in 2020 as a result of the pandemic-induced consumer downturn. Stein Mart, Lord & Taylor, JC Penney, Neiman Marcus, Nordstrom, Tailored Brands (Men’s Wearhouse), as well as Bed, Bath & Beyond are among...

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Vulnerable Tech Startups Are Feeling The Heat

On the surface, startups seemed to be minimally affected by the pandemic--primarily due to the ability of many employees to telecommute. However, some investors are holding back on funds for startups that show any risk...at least until the economic climate takes a...

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Economic Downturn Imposes Marketing Constraints

Marketing (including SEO and lead generation) is typically seen as a luxury for companies. So this is often one of the first things to be cut when a business experiences budgetary constraints. For companies with a well-established customer base or a unique (specialty)...

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Marketing Sector Struggles Amidst Economic Downturn

Marketing (including SEO and lead generation) is typically seen as a luxury for companies. So this is often one of the first things to be cut when a business experiences budgetary constraints. For companies with a well-established customer base or a unique (specialty)...

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Less Demand Leads To Drastic Rise In Unemployment

The pandemic-induced economic downturn has created a catch-22 with consumer demand vis a vis companies’ ability to employ workers. Small to medium-sized businesses are particularly vulnerable to the pandemic-induced economic downturn. Loss of business prompts budget...

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Strategies For Companies To Weather The Storm

The reduced availability of credit makes it impossible for small businesses to overcome temporary deprivations by simply borrowing in the conventional manner. Consequently, companies without an adequate support structure cannot continue operating. The key is to find...

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Adverse Effects of the Economic Downturn

As a result of the pandemic, the IMF has just projected that global economic growth will fall 3% for 2020 (down from the 6.3% growth projected in January). This contrasts to the 0.1% fall that ensued from the 2008 financial crisis (which was induced by a dysfunctional...

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