KHD Buzz – Is Retail Changed Forever, Shake Shack Responds to SBA Loan Backlash and More

KHD Buzz – Is Retail Changed Forever, Shake Shack Responds to SBA Loan Backlash and More

April 27, 2020 Off By Administrator

Forbes: Retail Will Never Be the Same Again

Many states are formulating plans for more retail stores to reopen as the current pandemic has, in many areas, seemingly begun to subside and the economy worsens at the same time. However, according to retail experts writing this opinion piece for Forbes, retail will never be the same again. Read More

Shake Shack Returns $10 Million Loan

Fast food darling Shake Shack announced last week they are returning the $10 million emergency loan they received from the SBA after learning – in large part via unhappy people on social media – that much smaller businesses that needed the funds far more had been denied funding after the agency said it ‘ran out’. Read More

COVID-19 Likely to Increase – But Complicate – Retail Bankruptcies

According to financial experts, it is to be expected that the COVID-19 pandemic and its economic fallout will result in an increased number of retail bankruptcies.

However, they also say that new cases will be very complicated, primarily because new filers may have ‘failed; through no fault of their own. Read More

Confusion Over ‘Essential Retail’ Causing Controversy

What constitutes ‘essential retail’ during the COVID 19 pandemic restrictions? It’s still very unclear, and with stores like GNC and Sears and Dillard’s, as well as Joann’s and Michael’s staying open when similar stores were forced to close controversy is growing, both with retailers and consumers. Read More

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