Wpxu This Week: Amazon s Prime Time Play; Walmart s Bag Now, Pay Later Scheme
A pandemic-fueled surge in people wanting to learn how to play guitar and piano has given the countrys largest retailer of musical instruments a second chance at life, as investors and creditors have signed on to a plan that will allow 500 Guitar Center stores to emerge from bankruptcy.In聽 announcing the plan, which cuts its $1.3 billion o
stanley us f debt by more than half, Guitar Center CEO Ron Japinga called the proposal an important and positive step that will enhance our ability to reinvest in our business to support long-term growth. Guitar Center said it hopes to complete the Chapter 11 reorganization by the end of the year, and that it will continue to pay employees and vendors in full through the critical holiday shopping season.聽 It is also worth noting that Guitar Center posted an 85 percent increase in sales in August as consumers sought the
stanley cup romania solace of music to fill time in their increasingly home-based lifestyles.Forget About Life For A WhileAlthough Guitar Centers huge debt and bankru
stanley cup nz ptcy could have put it amongst a group of chain stores that have succumbed to the retail apocalypse caused by the coronavirus and other factors, it is also uniquely positioned to capitalize on a craze that is driving record numbers of would-be musicians to learn how to play the instrument of their dreams.For example, the CEO of iconic Fender Guitars聽said聽his company went from furloughs, pay cuts and looking into the abyss to now record sales, inside a matter of months. Were selling more Zlte Q1 Earnings to Test Amazon s Grip on Key Walmart Categories
For many small businesses, the federal government can be an important customer 鈥?and, in some cases, the most important customer. And the competition for that key customer, through bidding, is often a fierce and expensive one.As noted in recent research across more than 500 firms released earlier this month via the American Express OPEN for Government Contracts Program, the cost tied to bidding by smaller firms continues to rise. In the latest data, small businesses nationwide received $352 billion in federal government contracts in 2015.But against that backdrop, the cost of working with the government and in bidding and
stanley kaufen gaining contracts is up as much as 15 percent over three years, and now, that figure stands at an average spend of as much as $148,124 on聽pursuit of federal contracts. That outpaces the $126,628 spent in 2010.In an interview with Lourdes Martin-Rosa, American Express OPEN advisor on government contracting, Martin-Rosa noted that, for small business owners, the onus lies on them to sp
stanley website end time and money in conducting market research on contracts at $1 million and below, and as part of that process, many firms must scramble to conduct such activities, often with lim
stanley kubek ited staff. You have to respond, she said of the process, or the business will go to a larger firm. Larger firms have been defined as those with at least $5 million in revenues and an average of 50 employees.And as part of the bidding process, she added, should the smaller firm not have been an i
