KHD Buzz – Retail Sales Predicted to Drop Over 6% in 2020, Amazon Under Fire From NY and More

KHD Buzz – Retail Sales Predicted to Drop Over 6% in 2020, Amazon Under Fire From NY and More

May 4, 2020 Off By Koehler Home Decor

Target’s Online Sales Jump 275% in a Month

The COVID-19 crisis may prove to be the boost Target needed in their ‘battle’ with Amazon and Walmart for the mainstream online shopping dollar, as the company reported their online sales jumped 275% in April alone. Read More

New York AG Critical of Amazon’s Pandemic Response

The New York State AG, Letitia James, has cautioned Amazon in a public letter that they may face penalties in her state, both for what she terms inadequate care for worker safety and for firing ‘whistleblowers’ who complained about working conditions. Read More

Report: Global Retail Sales will Fall 9.6% in 2020

According to a report from Forrester, it’s expected that global retail sales will fall by an average of 9.6% in 2020 and that it may take up to four years for the losses to be recovered. Read More

Mnuchin: All PPP Loan Recipients Will Be Audited

According to Treasury Secretary Steven Mnuchin any company that has taken a PPP Loan of any size will be subject to audit to ensure that they spent the funds ‘in the right way’ Read More.

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