Beware the coming income cliff - Extra unemployment insurance has helped the restaurant industry, says RB’s The Bottom Line. Now it’s slated to end.
NRF forecasts lowest peak season since 2014 | Retail Dive
In pandemic era, private equity-owned retail is as vulnerable as ever | Retail Dive
Multimillion-Dollar Harvey Weinstein Settlement Rejected by New York Court - WSJ
Add 86-store chain The Paper Store to the list of bankrupt retailers. Goal of bankruptcy is to facilitate a 363 sale. Company says in court filings that it is in discussions with potential stalking horse bidder but agreement not yet finalized.
Automakers Are Making Cars, but Virus Surge Puts That at Risk - The New York Times
Black-Owned Firms Still Close at Double Whites’ Rate in U.S. - Bloomberg
Goldman Sachs survey "finds 84% of PPP loan recipients will exhaust their funding by the first week of August and only 16% say they're very confident they will be able to maintain payroll if no further government relief is provided."