article thumbnail

Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

article thumbnail

What is a Cash Flow Statement?

Small Biz Trends

These financial statements break down into financing, investing, and operating activities. Businesses that experience negative cash flow might be waiting on payments. Offering early payment discounts can foster a positive cash flow. To Plan Repayment of Loans. Predicting issues with cash flows can lead to proactive plans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Making Infrastructure Ready for the Future of Work

Cisco Retail

Payment Solutions for the Future. Many businesses are looking for alternative ways to pay, to mitigate timing and planning risks, as they rapidly adopt these technologies while navigating the return to the office. Flexible payment solutions can support customers on their journey.

article thumbnail

Extended COVID-19 Crisis Could Force Tailored Brands Into Bankruptcy

Retail TouchPoints

“If the effects of the COVID-19 pandemic are protracted and we are unable to increase liquidity and/or effectively address our debt position, we may be forced to scale back or terminate operations and/or seek protection under applicable bankruptcy laws,” said Tailored Brands in the filing. operational as of June 5.

article thumbnail

Five Ways Retailers Can Benefit From Coworking Spaces 

Retail Minded

Coworking spaces are now gaining traction for startup owners who need enough office space to operate their business remotely. . Cheaper Operating Costs . Rent is split between occupants, avoiding the need to pay upfront fees such as down payments. It seems that coworking spaces can help in this regard.

article thumbnail

How retail outlets can keep costs down

Retail Focus

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs. Cut costs with caution by trying not to sacrifice on the quality of your product or service. It’s no different with a business.

article thumbnail

In the News: $20K in Small Business Grants for the Next Stage of Growth

Small Biz Trends

Whether it is for new equipment, staff, location, or other operational expenses, funding these expenses is costly. The grants want owners to keep their businesses open, which in turn serves the communities they operate in by providing jobs. Quarterly Tax Liability Payments Due This Week. Image: Depositphotos.