Month: November 2020

business online

‘It’s our Superbowl’ Knoxville business prepares for its busiest Cyber Monday

11 months ago
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Red Stag Fulfillment quietly works behind the scenes to help consumers receive the packages they order online as quickly as possible.

KNOXVILLE, Tenn. — ‘Busy’ falls short when you’re describing the inside of an E-commerce fulfillment center like Red Stag in East Knoxville on Cyber Monday. 

“Today is like our Superbowl,” Tony Runyan, V.P. of Client Relations, said. 

“What we’re seeing is that there’s just so much more volume than I think anyone expected, to an extent, but we’re excited about that. We’re ready for it. I can’t wait to get the packages out,” Runyan said

Runyan said by mid-morning, the day was already shaping out to be busier than any prior Cyber Mondays for the East Knoxville company that opened in 2013. 

“The pandemic, in general, has changed a lot of buying habits,” Runyan said. 

Red Stag Fulfillment is an invisible middleman for online consumers. 

When you place an

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online business

How to Support Black-Owned Businesses This Holiday Season

11 months ago
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Illustration for article titled How to Support Black-Owned Businesses This Holiday Season

Photo: GaudiLab (Shutterstock)

Closing the racial wealth gap is a driving force behind a common phrase you may have heard: support Black businesses. And since the holidays are often about buying gifts and taking advantage of post-Thanksgiving deals, it’s a perfect opportunity to find new ways of supporting those small businesses while finding a great deal. There are several ways to find businesses to support, complete with databases and sites that help you locate Black-owned businesses in your area and across the country. Here is a list of ways to support Black businesses this holiday season.

Catch up on comics

The first Black women-owned comic shop, Amalgam Comics is located in Philadelphia and is dedicated to representation and inclusion in comics. Started by owner Ariell Johnson, the idea for the shop was born while Johnson was still attending undergrad at Temple University. In

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business strategies

Bombardier Hires New CFO as It Works to Transform Its Business

11 months ago
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Canada’s

Bombardier Inc.

recruited a new finance chief to help with its transformation into a pure-play business jet manufacturer, a move that comes as the company is dealing with the effects of the coronavirus pandemic and a U.K. investigation into suspected bribery.

Montréal-based Bombardier, which makes planes and trains, on Monday named Bart Demosky as executive vice president and chief financial officer, effective immediately. Mr. Demosky previously served as president and chief executive of railway company Universal Rail Systems Inc. and before that as CFO of Canadian Pacific Railway Ltd. He has also served as CFO of Canadian energy company Suncor Energy Inc.

Bart Demosky



Photo:

Bombardier

He replaces Bombardier’s former finance chief, John Di Bert, who is leaving the company after over five years in the role. Bombardier declined to comment on the reason for Mr. Di Bert’s departure.

Mr. Demosky, who is credited with having led transformation efforts

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business ideas

Business start ups are more popular than ever

11 months ago
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In the future, what we are going to continue to see more of is that entrepreneurship is really going to continue to go from strength to strength so long as there are great ideas out there. And today, what we are seeing in the digital era is that some of the best business ideas are really coming to the forefront and becoming more valuable all the time. This is thanks largely to the fact that there is so much to be said about businesses that really open new gateways and bridge gaps and so those businesses that are really having their moment in the sun today.

Startup culture in the digital era

Today, startup culture is more influential and more popular than ever. Startup culture in the digital era has become more pronounced without becoming more diluted simply for the fact there is more room than ever for creative expression

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business online

Arcadia Group collapses – biggest business failure of the pandemic so far | Business News

11 months ago
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Sir Philip Green’s Arcadia retail empire has collapsed in the worst single corporate failure of the COVID-19 crisis to date, leaving 13,000 jobs hanging in the balance.

Administrators at Deloitte said they would now seek buyers for the business – whose brands ranging from Topshop and Topman to Dorothy Perkins and Burton “sit at the heart of the high street”.

Arcadia chief executive Ian Grabiner said it was an “incredibly sad day” and that the company had been unable to ride out the severe impact of the coronavirus pandemic on trading.

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Arcadia’s ‘£350m’ pension deficit in focus

Sky News had exclusively revealed on Friday that the group was on the brink of going into administration following the failure of talks over a £30m loan to help offset a coronavirus cash bleed.

Arcadia operates from 444 sites in the UK and

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starting a business

A Bitcoin Investment Strategy For Beginners

11 months ago
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Starting in early October 2020, after having watched several YouTube videos regarding digital (crypto) assets, including several with Michael Saylor, I began to implement a relatively conservative digital assets investment strategy. This initial strategy did not include buying actual Bitcoin (BTC-USD) or any of the other crypto assets, but instead gaining exposure to Bitcoin via assets that have a more familiar investment wrapper. Specifically, I have utilized a three pronged approach, namely investments in Grayscale Bitcoin Trust (GBTC), MicroStrategy Inc. (MSTR) and the Amplify Transformational Data Sharing ETF (BLOK). Each of these investments is discussed below.

First, GBTC provides an investor with direct access to Bitcoin as the Trust is one of the largest holders of Bitcoin in the world. Other than cash for administrative and overhead expenses, GBTC’s only asset is Bitcoin. This is very convenient way to have exposure to Bitcoin, particularly if you already have a brokerage

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online business

Cyber Monday NC: North Carolina businesses turn to Cyber Monday as in-store traffic dips nationwide on Black Friday

11 months ago
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WAKE COUNTY, N.C. (WTVD) — With Black Friday in-person visits significantly down this year due to the pandemic, businesses are beefing up their online presence in hopes of capitalizing on Cyber Monday.

“(In the past, it has been) very low key compared to this year of actually doing a coupon that’s special and different than anything we’d be doing in the store. Even buying merchandise that was more specific to a cyber event,” said Cheryl Fraser, the owner of Galatea Boutique in Seaboard Station.

The store has been open for 24 years, but this is the first time Fraser has made a dedicated effort for Cyber Monday.

Cyber Monday 2020: Protect your money from scammers

“I’m actually also doing a cyber shopping event with a network of women. So I’m doing a few different things trying to get the word out there about the online store,” said Fraser.

She estimated

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business strategies

UniCredit CEO steps down in clash with board

11 months ago
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MILAN (Reuters) – Italy’s UniCredit said Chief Executive Officer Jean Pierre Mustier would step down at the end of his mandate in April next year after clashing with the bank’s board over strategy.

FILE PHOTO: The logo of Italian bank Unicredit is seen outside of one of its Bank Austria branch offices in Vienna, Austria, February 25, 2016. REUTERS/Leonhard Foeger/File Photo

The former French investment banker has steered UniCredit through a painful restructuring in the past four years, bolstering its balance sheet and cutting exposure to debt-laden Italy.

After fruitless attempts at a cross-border deal, Mustier, 59, had ruled out mergers and acquisitions, a stance increasingly at odds with the consolidation fever sweeping Italy’s fragmented banking sector.

“Over the last few months, it has become apparent that the Team 23 (business plan’s) strategy and its core pillars no longer corresponds to the board’s current thinking,” Mustier said in a statement.

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business card maker

Buy Now, Pay Later Offers Abound; PayPal’s New Fundraising Platform

11 months ago
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Shoppers Who Shun Credit Cards Will Still Borrow $20 for Candy

Consumers are flocking to buy-now, pay-later offers as online shopping surges in response to the pandemic. Soaring unemployment has left struggling consumers looking for ways to pay without busting their budgets. That has prompted a surge in interest in options that let consumers split up their purchases into smaller payments. Afterpay and its rivals—brands like Klarna and Sezzle and Quadpay—are now featured across thousands of merchants’ websites, with small ads popping up as consumers check out, encouraging them to pay off their purchases in installments. [Bloomberg]

PayPal Launches A New Crowdsourced Fundraising Platform, The Generosity Network

PayPal is expanding its fundraising efforts with the launch of the Generosity Network. The new Generosity Network lets people raise money for themselves, other individuals in need, or organizations like a small

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starting a business

Facebook acquires Kustomer, a CRM start-up

11 months ago
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Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019.

Andrew Harrer | Bloomberg | Getty Images

Facebook on Monday announced the acquisition of Kustomer, a customer relationship management start-up.

The deal was valued at a little more than $1 billion, according to a person familiar with the matter.

CRM tools help clients manage their communications with customers via phone, email, text or direct messages in specific apps, such as WhatsApp or Messenger.

The acquisition of a business-software company such as Kustomer is unusual for Facebook. In the past, Facebook has primarily bought consumer-centric companies, such as gif catalog company Giphy in May and Spanish cloud video gaming company PlayGiga in December 2019. These acquisitions usually serve as the foundation for building features for Facebook users.

By bringing Kustomer into the fold, Facebook

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