Local business leaders share challenges of COVID-19
The three Memphis business leaders all acknowledged that some aspects of COVID-19 life will continue indefinitely.
Christin Yates
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.
There are 468 articles by Christin Yates :
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July 2020
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Downtown Bluff City Greens addresses food deserts
New delivery business is set to open its first fully automated grocery fulfillment center next year to serve customers across Memphis.
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Financial Services Beige Book reports increase in economic activity, but well below 2019 levels
Home sales and construction activity were among the brightest spots in economic activity in the Federal Reserve District that includes Memphis.
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June 2020
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City of Memphis Local journalists, PR professionals stress importance of media diversity
PRSA Memphis and Memphis Association of Black Journalists emphasize in "Media and Racism" webinar how diversity at all levels in media help organizations paint a true picture.
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Premium
EducationSchools, universities adapt to social distance learning
Southern College of Optometry, Gestalt Community Schools and St. George's Independent School are among the institutions exploring new roads to learning.
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Financial Services Memphis banks’ earnings down in Q1, above national average
Loan-loss provisions significantly impacted earnings as banks responded to potential credit problems due to the pandemic.
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Business After nearly 50 years, Oden will close its doors
Oden called some of the largest corporations in Memphis clients during its long run as a marketing and advertising agency.
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Financial Services PPP small business loans more likely to be forgiven under new guidelines
With the new flexibility measures in place, bonuses, hazard pay and pay for furloughed employees can be included in payroll expenses as well as taxes withheld from employees’ paychecks.
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Germantown Baumer’s Footwear will close up shop this fall
The Baumers opened their first store in May 1999 in the then-new Trinity Place shopping center at Trinity Road and Germantown Parkway.
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May 2020
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Financial Services Beige Book: Health care, retail, hospitality among biggest drags on economy
Federal Reserve economist Kevin Kliesen says pace of recovery will depend on the speed restrictions are lifted and "the willingness of individuals to resume normal life."
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Financial Services Paragon Bank reports most profitable Q1 in its history
The Memphis-based bank has processed more than 700 Paycheck Protection Program loans, totaling $90 million in loan volume.
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North Memphis Arcade games may be slow to return, but Rec Room heading outdoors
The venue also has become "home" to 901Wrestling, which hopes to resume live matches around mid-June when the Rec Room plans to reopen.
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Business Malls reopen, but not all big-box retailers welcoming customers
Safety appears to be the primary concern of large retailers that remain in no hurry to reopen all of their stores just yet.
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Premium
BusinessLocal retailers address fashion as Memphians come out of quarantine
Apparel retailers see a desire to dress up from customers returning to stores, but athleisure trend won't be going away any time soon.
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Financial Services Second round of PPP funds to soon run out
The second round of the Paycheck Protection Program's forgivable-loan funds is running out. Banks are scrambling to help small businesses before the money is gone.
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Business ServiceMaster trims workforce, withdraws guidance due to COVID-19 impact
Interim CEO Naren Gursahaney voluntarily reduces salary 25% and is optimistic the company is well-positioned to endure the pandemic.
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Financial Services Memphis banks respond to COVID-19
Pinnacle Financial Partners, for one, does not "feel rushed by any means to reopen our lobbies."
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April 2020
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Business BuyTime enables experts to be compensated for consulting time
Hosts can name the price for their time, but anyone can be a buyer and anyone a host.
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Update
Financial ServicesUpdate: First Horizon adds $135M to loan loss provision in Q1
Memphis banking company expects to close on its $3.9 billion merger with Iberiabank by the end of the second quarter.
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Update
Financial ServicesUpdate: Pinnacle earnings down in first quarter
Return on average assets and on common equity fall sharply in the first quarter as Pinnacle boosted reserves for loan losses by $86 million.
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Financial Services BancorpSouth beats estimates in Q1, focuses on navigating COVID-19
BancorpSouth records $46 million provision for loan losses as COVID-19 increases loan volume under CARES Act.
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Financial Services Small businesses left empty-handed as Paycheck Protection funds run out
As Congress debates adding more funds to the Paycheck Protection Program, many small businesses try to hang on.
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Financial Services Latest Beige Book not optimistic, but ‘not surprising’
The questions of how bad the economy could get still persist, making future Beige Book reports important for signs of how long the carnage could last.
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Education Technical, community colleges adapt to distance learning
Moore Tech looks at scheduling appointments for students to use equipment. Southwest builds on online learning programs developed prior to the pandemic.
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Financial Services Some VC, private equity firms on the outside of CARES Act
Aggregation rules that impact the 500-employee threshold to receive federal relief funds through the Paycheck Protection Program have venture capital firms like SSM Partners in Memphis debating tough, complex decisions.
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