Local retailers optimistic about holiday shopping season
The NFR expects online and other non-store sales will increase 20% to 30% to between $205.5 billion and $218.4 billion, up from $168.7 billion in 2019.
Freelance Reporter
Christin Yates is a native Memphian who has worked in PR and copywriting since 2007. She earned her B.S. in public relations and M.S. in mass communications from Murray State University.
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The NFR expects online and other non-store sales will increase 20% to 30% to between $205.5 billion and $218.4 billion, up from $168.7 billion in 2019.
Both e-commerce and early shopping could be contributors to the smaller-than-normal crowds, not to mention the COVID-19 pandemic.
Hundreds of thousands of Americans received unemployment benefits when the pandemic shut down businesses, as well as the additional $600 per week stimulus under the CARES Act.
On Nov. 27, the benchmark 30-year fixed refinance rate was 3.09%, according to Bankrate.com. The average 15-year fixed refinance rate was 2.52%.
National nonprofit, FedEx and Memphis Athletic Ministries partner to distribute the coats across the city of Memphis.
Christ Community Health Services, the Mid-South Food Bank, Las Americas and MICAH will be honored for outstanding service in a very unusual year.
LeMoyne-Owen College administrator Charles Elliott said it is important for young Black people to learn technology skills so more businesses will want to relocate to and invest in the Memphis community.
Among other things, the CARES Act eliminated the 10% early withdrawal penalty for individuals under the age of 59½. But one-third of any money withdrawn will be included as income on taxes for each of the next three years
Banking company plans to grow Memphis presence, establish permanent office in the Crescent Center in East Memphis.
Here’s what Memphis area business owners need to know as the second round of Paycheck Protection Program funds becomes open for applications.
PPP loans issued after June 5, 2020 have a maturity of five years at an interest rate of 1%.
The Buy Nothing Midtown/Downtown Facebook group boasted more than 2,000 members as of Jan. 23. It’s one of several in the Memphis area.
Balancing work and family became even more challenging for working women during the pandemic, forcing many to make very difficult decisions.
Students from Grace-St. Luke’s Episcopal School reached out to places where they wanted to work to land three-day internships.
All proceeds from the sale of the $30 ties go to GoDaddy Empower partner, The Tapestry Project, to help Black entrepreneurs.
The Home Show of the Mid-South will be the first event to take place in the expo center since March 2020. The home show runs April 9-11 followed by the Mid-South Jewelry & Accessories Fair from April 16-18.
Owner Dara Vongphrachanh said the Paycheck Protection Program loan and Our Beautiful Comeback Grant were “lifelines” for her business.
The Watts became a St. Jude family in 2018 when their daughter, now 4 years old, was diagnosed with brain cancer.
BancorpSouth shareholders will own roughly 55% and Cadence shareholders will own approximately 45% of the combined company.
But retailers also sense customers are hungry to get out to see, touch and feel products and enjoy the live shopping experience again.
Interior designer Leslie Murphy of Murphy Maude Interiors has launched a new brand called Mable Originals — a textiles company that creates original wallpapers, pillows, bedding and more.
The manufacturing and sales operation, which aims hire up to 400 Memphians, has partnered with Memphis Medical District Collaborative’s Buy Local program and also TNEX, a minority-owned business formed to promote local manufacturing, sales and contracting.
The Collective Blueprint and CodeCrew are expanding programming through a partnership.
The Southaven private school plans to add a grade each year until it extends to 12th grade. It’s affiliated with Brown Missionary Baptist Church, which was founded in 1882 by former slaves.
Epicenter Memphis’ ZeroTo510 is launching The Innovation Lab, a virtual program to guide people with idea-stage concepts through the process of developing an effective business plan. The program is free to those accepted. The deadline to apply is Tuesday, June 14.