Day: February 8, 2021

The nationwide decline of big box stores is hitting the Black Hills one business at a time

RAPID CITY, S.D. (KEVN) – The decline of big box stores around the nation is hitting the Black Hills one business at a time.

“This has been kind of a nationwide slow-moving trend that’s been accelerated through the COVID pandemic, but what we’ve seen is there’s more people using the internet, they’re shopping online,” says Kyle Treloar from dream Design International.

Also, Treloar says people are not going to the big box stores as frequently as they once were. As Rapid City continues to grow, some businesses change location potentially leaving more empty storefronts.

“We’ve got a lot of new building, a lot of new growth, but we’ve got an excess of existing buildings out there and we’re seeing retail start declining so that’s when you have to find new ideas to fill these spaces,” says John Roberts from the Real Estate Group.

One example of a creative solution is

Read More

A New Decade’s Global Pressures And Best Responses, Part One

EVP and CTIO at Axway, responsible for accelerating global innovation and transformation.

This article is the first in a two-part series. Part one explores major pressures banks face as API-driven, open banking ecosystems emerge across global markets. Part two suggests best responses for banks as the financial sector undergoes this seismic shift.

Open banking is disruptive, global and growing at a breakneck pace. According to Allied Market Research, the open banking market is growing at 24.4%, reaching $43.15 billion by 2026 and accelerating by the pandemic but part of an inevitable control shift in the financial sector. As it grows into open finance, it is beginning to fundamentally redefine customer interaction with the financial system by revising who creates and manages financial products and services. 

This new decade will witness not a downfall of big banks in favor of light and swift fintech, but rather these

Read More

Senior-Living Home Stops Advertising ‘Early Vaccine Access’ After Minnesota Refers Them To State Attorney General

“Get the Covid-19 vaccine, NOW!”

Molly Wilson saw the bold font jump out from a mailer sent to her mother in January from New Perspective Senior Living, which runs two dozen long-term care centers in the upper midwest.

“The sooner you commit to joining a New Perspective community,” the mailer said, the sooner “you and your loved one can both get the Covid-19 vaccine.”

Wilson, who handles finances for her mother, who has dementia, read the marketing postcard in disgust. 

“I found it disturbing that this facility was marketing based on access to a vaccine,” said Wilson, who runs a hybrid school-therapy center outside

Read More

Before Its Splashy Super Bowl Ad, Soap Startup Dr. Squatch Built A $100 Million Business

Love it or hate it, Dr. Squatch made a splash with its Super Bowl ad targeted to manly men last night.

But before the TV commercial, founder Jack Haldrup, a 33-year-old entrepreneur, had already built a $100 million direct-to-consumer business for Dr. Squatch’s soaps, haircare and deodorants off viral YouTube videos.

Haldrup, who has a bachelor’s in finance and a master’s in information systems from Indiana University, started the company in 2013 with the basic idea of natural soap for men. In a 2018 interview with the San Diego Union-Tribune, Haldrup explained that he suffered from psoriasis and had been shopping at farmer’s markets for soap that didn’t irritate his skin. But he wanted to sell to men who would never go to farmer’s markets — and didn’t want to smell like lavender. “Our customer is not the guy who already shops at

Read More

Bajaj Finance Q3 Review – Growth Pickup, Strong Commentary Gives Confidence: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Led by standstill status from the Supreme Court, the gross non-performing asset ratio declined to 0.55% from 1.03% QoQ and net-non performing asset ratio came at 0.19% from 0.37% on a consolidated basis.

However, proforma GNPA and net non-performing asset surged to 2.86% and 1.22% respectively. Restructuring is at 1.4% of loans and has provisions of Rs 397 crore on it.

The company expects to revert to pre-Covid-19 NNPA by H1 FY22, except auto finance business which may take longer due to underlying collateral value.

During the quarter, the company has also done one-time principal write-off of Rs 1,970 crore, on account of Covid-19 related stress

Click on the

Read More

‘The waiting game is exhausting when you are motivated.’ Clarksville business owner discusses starting a company during the pandemic

a young girl wearing a hat: Christine Farnsworth, owner of White Oaks Home Inspection.

© Contributed
Christine Farnsworth, owner of White Oaks Home Inspection.

Opening a new business during a pandemic is probably one of the most interesting experiences you can imagine. 

Unlike trying to open a normal business, or even conducting normal business, you now have to do everything via email, phone or Zoom. There are rarely face-to-face conversations, which was a staple, especially in my field. Imagine the frustration of trying to obtain permits, insurance, buying needed items, especially when the cost of everything was — and is still — going through the roof. 

My story actually started in November of 2019, with my husband as my cheerleader. I began with a basic business plan, worked on ideas and started budgeting for everything that was needed. Setting up the backbone of the business, I looked into in-depth education in Tennessee and Kentucky. 

In March of 2020, while at a class in Kentucky

Read More