Business

Inside historic black bookstores’ fight for survival against the COVID-19 pandemic

OAKLAND, Calif. – Inside Marcus Books, the nation’s oldest black-owned bookstore, no one lingers anymore over shelves lined with a diasporic collection of African and African American history, culture, music and literature.

Staffers take phone orders from the safety of their homes. Shoppers keep their distance when darting in and out to pick up purchases. Blanche Richardson, whose parents founded Marcus Books 60 years ago, works alone in the store, putting on a protective mask for curbside deliveries.

Operating in a state of emergency is nothing new for independent black-owned bookstores, which for decades have survived on the margins of the publishing industry. But COVID-19 is posing a new kind of existential threat, Richardson says. Most bookstores have seen a drop in overall book sales even as online sales pick up.

“The pandemic exacerbated the plight of the few remaining black bookstores across the country,” Richardson told USA TODAY.

Black

Read More

ICE says students taking ‘hybrid’ classes may be able to stay in the US, but it won’t tell colleges what that means

Many universities including NYU, which is home to over 17,000 international students, plan to operate under a hybrid model in the fall.
Many universities including NYU, which is home to over 17,000 international students, plan to operate under a hybrid model in the fall.

Facebook/NYU

  • New guidelines from ICE prevent international students on certain visas from attending schools that are fully online, but may allow them to remain if they’re taking a mixture of online and in-person classes.

  • Many universities have announced they will use a “hybrid model,” combining both in-person and online courses for the upcoming academic year.

  • With “very little information” included in the announcement, however, the new policy lacks clarity in what may be required for a hybrid model, a Senior Legislative and Advocacy Counsel at ACLU told Business Insider.

  • A number of faculty have spoken out on social media that they will offer “1-unit in-person study with any student that faces removal from the country” due to the new policy. 

  • Visit Insider’s homepage for more stories.

Universities have

Read More

Everything you need to know about filing taxes before the July 15 deadline

Tax day for 2019 is finally around the corner.

Taxpayers must file their returns and pay any outstanding liabilities by July 15 this year, three months later than the typical tax deadline due to the coronavirus. In March, the Internal Revenue Service gave Americans extra time to get their tax business together as they weathered the pandemic and ensuing lockdowns.

Read more: How to file taxes: The full breakdown

But the extended deadline applies to more than just the returns and tax payments.

Self-employed workers face multiple due dates on July 15, while those with unclaimed refunds from 2016 have until that date to finally get them. You have until July 15 also to lower your taxable income, or pay penalties on early retirement withdrawals.

Here’s what the extended deadline affects.

The tax day was extended to July 15th because of Covid-19. (Photo: Getty)
The tax day was extended to July 15th because of Covid-19. (Photo: Getty)

If you’re a freelancer

Self-employed workers

Read More

How the coronavirus is changing the influencer business, according to marketers and top Instagram and YouTube stars

Macy Mariano.
Macy Mariano.

Macy Mariano.

  • Marketers and digital creators are adjusting to rapid changes in the influencer-marketing industry as the coronavirus continues to spread globally.

  • As with most businesses in the ad industry, professionals are trimming budgets, canceling events, and looking for alternative revenue streams.

  • Business Insider spoke with influencer-marketing professionals across the industry to better understand how they are adjusting their businesses to continue to earn a living during the coronavirus pandemic and the resulting economic turmoil. 

  • Subscribe to Business Insider’s influencer newsletter: Influencer Dashboard.

This post will be added to when new information becomes available and was last updated on July 9, 2020.

As the near-term effects of the coronavirus outbreak continue to be felt across the global economy, businesses and creators in the influencer-marketing industry are doing their best to adapt.

Influencers have seen some of their sponsorship deals shut down and events cancelled, with many shifting their

Read More

Bed Bath & Beyond closing stores, cruises prepare to sail

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus.

________________________

RETAIL:

— Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter. The chain reported its quarterly sales dropped 49% due to temporary store closures amid the pandemic. Online sales soared 82%.

— The Buckle is seeing improving sales as more of its stores reopen. The fashion retailer said Thursday that sales for the five-week period ended July 4 rose 26.8% from a year ago. Buckle began temporarily closing stores in mid-March. Since then, it’s reopened 438 stores. It currently runs 446 retail stores in 42 states.

— Big 5 Sporting Goods is also seeing a resurgence in its business

Read More

Samira Abdollah Aboonajmi Breaks Patriarchy and Stereotypes, Leading UAE’s Unique Store-line Gift Land Stores

Dubai, UAE, July 09, 2020 (GLOBE NEWSWIRE) — At a time, while the world is going through the biggest economical crisis of the century, a woman entrepreneur from the Arab world is taking a stand and leveling the playing field with Gift Land Stores, a specialised chain of department stores in the UAE.

Samira Abdollah Aboonajmi is a young, dynamic entrepreneur from the UAE. She was born in a family and environment where every man was involved in business, but no woman. Yet Samira thrives in a business community where the majority of the ventures are led by men. She has done her MBA majoring in Administrational Management and International Strategic Marketing and now leads one of the most significant ventures in the UAE, Gift Land stores. Being a successful woman entrepreneur in the Arab community, her interests range from sports to dancing, reading, poetry and even psychology & philosophy.

Read More

18 Ways to Help Small Businesses Survive Right Now

Pekic/istockphoto
Pekic/istockphoto

Small Business Support

There’s no doubt we’re all aware of the effect the COVID-19 pandemic has had on the economy in general, and on small businesses in our own communities even more so. Many small-business owners are struggling to keep their companies afloat. There are, however, ways that each of us can help. From easy actions that don’t cost a thing to suggestions that might require you to open your wallet just a bit wider than usual, here are some ways that could help keep your local corner store or favorite nearby boutique open for business.

Related: Cash-Based Businesses That Must Change to Survive in the COVID-19 Era

For more COVID-19 coverage, please sign up for our free newsletters.

RonTech2000/istockphoto
RonTech2000/istockphoto

Buy a Dining Bond

The Dining Bond Initiative calls itself “a continuous lifeline for restaurants that are facing challenging times.” It works like this: You click here,

Read More

Best Ways To Sell Your Car During the Coronavirus Crisis

Thanks to the worldwide COVID-19 pandemic, life across the globe has turned upside down. Even formerly common activities, such as dining out or shopping for groceries, have become difficult to conduct safely in 2020. Selling a car is no exception, as the process generally involves close contact with a number of people. GOBankingRates came up with a list of safety precautions for you to consider so that you can still sell your car safely during the coronavirus crisis.

Last updated: July 9, 2020

Thoroughly Clean and Disinfect Your Car

No matter when you are selling your car, you should thoroughly clean and sanitize it before you show it to buyers. However, in the COVID-19 era, a thorough disinfection is required.

Not only will disinfecting keep both you and your potential buyers safe, it can also be used in your marketing ad. Certain buyers may be interested to know that you

Read More

Here’s how small businesses threatened by COVID-19 are surviving the pandemic

With the unemployment rate at 11.1% and businesses shut down in every state, COVID-19 has taken a crippling toll on America’s economic health.

MORE: Small businesses rethink their approach amid the pandemic to serve their customers

For many small businesses, which comprise 47% of private-sector payrolls in the U.S., according to the Small Business and Entrepreneurship Council, the sudden economic downturn has created a full-blown crisis.

MORE: When coronavirus hit, these small businesses got creative, but they still need help

The big-picture concern shared by economists is if businesses don’t survive, many Americans won’t have jobs to return to after the pandemic. That’s why experts have said it’s important to support local businesses, which are struggling to generate reliable income.

Now, salons, restaurants, florists and fitness instructors, among others, are creatively adjusting to the new realities of the coronavirus economy, pivoting to bringing parts of their business online, connecting with

Read More

Edited Transcript of BOSC.OQ earnings conference call or presentation 27-May-20 2:30pm GMT

Q1 2020 BOS Better Online Solutions Ltd Earnings Call

Teradyon Jul 9, 2020 (Thomson StreetEvents) — Edited Transcript of BOS Better Online Solutions Ltd earnings conference call or presentation Wednesday, May 27, 2020 at 2:30:00pm GMT

TEXT version of Transcript

================================================================================

Corporate Participants

================================================================================

* Eyal Cohen

B.O.S. Better Online Solutions Ltd. – CEO

================================================================================

Conference Call Participants

================================================================================

* Todd Felte

RHK Capital, LLC – VP of Investments

================================================================================

Presentation

——————————————————————————–

Operator [1]

——————————————————————————–

Ladies and gentlemen, thank you for standing by. Welcome to the BOS First Quarter 2020 Results Conference Call.

(Operator Instructions)

As a reminder, this conference call is being recorded and will be available on the BOS website as of tomorrow.

With us online today is Mr. Eyal Cohen, CEO. Before I turn the call over to Mr. Cohen, I would like to remind everyone that forward-looking statements for the respected company’s business, financial condition and

Read More