#BusinessUpdates

[trainingclassorg]

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[amnglobalmedia]

FYI | Don’t miss out on the latest edition of Monumental Mondays! Be sure to preview Volume 1. Issue 126 and stay up to date on the latest news, insights, and trends in your industry. To get your hands on a digital copy, simply scan the QR code provided and start reading today!  

Want to learn more about entrepreneurship, marketing and small business support services? Join our mailing list! Read & discuss the latest business topics - members get access to the weekly Monumental Mondays newsletter & enjoy exclusive new content and invitations to programming. Scan QR code for more.

VOLUME 1. ISSUE 126 (DOWNLOAD)

WEBSITE

CONTRIBUTOR GUIDELINES

If you aren’t a member yet, what’s stopping you? Find membership info⤵️ https://t.co/ACHJ0QCYvo The @amngforums membership submission form is back online! Make sure to renew your membership for 2024-2025 or become a new member! Subscribers are #FREE to join. Read more.

5 benefits of reading and subscribing to the Monumental Mondays newsletter:

Stay informed: With Monumental Mondays, you’ll get access to the latest news, insights, and trends in your industry, helping you stay ahead of the curve and make informed decisions.

Save time: Instead of scouring the internet for the latest industry updates, Monumental Mondays brings them right to your inbox, saving you time and effort. Learn from experts: The newsletter is written by contributors who have their finger on the pulse of the latest developments, so you can learn from their knowledge, insights and experience.

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AMNG supports the growth, innovation, and activities of entrepreneurs, startup founders, small business owners, and performance and visual artists by offering guidance, marketing and entrepreneurship techniques, and project support of our partners to help them succeed. Our goal is to help our members by providing management resources and expert industry advice every Monday resulting in a reduction of risks and an avoidance of the pitfalls of making costly business decisions.

[secretstalks]

Amazon may reduce its workforce further; here’s what the CEO disclosed in a company memo

Amazon is reportedly preparing for another round of job cuts, as indicated by a recent memo from CEO Andy Jassy. In this internal communication, Jassy outlined plans for significant workforce changes, aiming to reduce the number of managers across various divisions by 15% by the end of Q1 2025.

The goal is to create a more effective and flexible organizational structure by decreasing management layers and increasing the number of individual contributors. Jassy emphasized that this shift would help eliminate bureaucracy, improve decision-making, empower employees locally, and ultimately enhance customer service.

While Amazon frames these changes as a way to foster employee ownership and efficiency, many anticipate that they may precede further layoffs. This concern arises in the context of substantial job losses in 2023, when the company cut around 27,000 positions as part of cost-saving measures.

To implement these changes, Jassy noted that the People Experience and Technology (PxT) team will work closely with Amazon's leadership, aiming to streamline operations so employees can make quicker, client-focused decisions.

Additionally, the memo announced a significant shift in labor policy: starting January 2, 2025, corporate staff will be required to work in the office five days a week, moving away from the current hybrid model of three in-office days. This change has the potential to further impact employee sentiment amid the organizational restructuring.

READ MORE

[fastflashnews]

📢 Important Update for Business Owners! 📢 Starting soon

Google Business Profile chat and call history going away.

July End Google will shut down call history and chat - you can download your history now.

Learn More: https://fastflashnews.com/digital-marketing/google-business-profile-chat-and-call-history-going-away/

[shenessawright]

Week #10 Business Progress

Hey, Loungers! 🌟

It's that time of the week – Week #10 Business Progress update! Grab your favorite loungewear, settle in, and let's dive into what's been happening in the world of cozy comfort.

🚀 What's Working?

Firstly, I'm thrilled to share that our new collection has been getting an amazing response! It seems like you're all loving the comfy vibes and chic designs. Your feedback and support keep us motivated to keep creating loungewear pieces that make you feel fantastic.

Our social media presence is growing steadily, and the engagement is through the roof! Thanks to all of you who've been sharing your lounge couture moments – it's like a virtual cozy community, and I'm here for it!

🛑 What's Not Working?

Every journey has its bumps, right? Well, we've faced some challenges with our supply chain, causing a slight delay in restocking some of your favorite pieces. I appreciate your patience, and I want to assure you that we're working hard to get everything back in stock ASAP.

🤔 How Do I Feel the Project is Coming?

Honestly, it's been a rollercoaster! The highs of positive customer reviews and the lows of unexpected challenges. But overall, I'm feeling incredibly grateful for the journey. We're learning, adapting, and growing, and that's what matters most.

📚 What Am I Learning About Running a Business?

Running a business is like a crash course in resilience. Every obstacle is an opportunity to learn and improve. I've learned the importance of adaptability, effective communication with our community, and the art of problem-solving. It's a constant learning curve, and I'm embracing every lesson.

🧠 What Am I Learning About Myself?

This journey has taught me that I thrive in challenges. I've discovered a passion for connecting with people through our shared love for comfort and style. It's empowering to see how a small idea can evolve into a brand that resonates with so many of you.

Thank you for being a part of this incredible journey. Your support means the world, and I can't wait to see what the next weeks bring for our lounge couture family!

Stay cozy, LoungeCouture

[mygstrefund]

Divi's Labs Faces Rs 82-Crore GST Demand, Plans Appeal

Pharma Giant Divi's Labs Faces Rs 82 Crore GST Demand Notice from Hyderabad Commissionerate, Including IGST and Penalties. Revealed on Nov 16.

Read Our Detailed article in the below link 👇- https://www.mygstrefund.com/DivisLabs-Faces-Rs82Crore-GSTDemand/

THANKS FOR READING!

We provide GST refund solutions for customers.

To know more please visit: www.mygstrefund.com Contact Us: - +91 9205005072 Mail- info@mygstrefund.com

[bookishpromotions]

Bookish Promotions' October 2023 newsletter.

[reviewminute]

Report suggests that the government may engage SFIO to investigate the auditor's resignation and alleged irregularities at Byju's edtech firm during the ongoing crisis.

In June, Deloitte Haskins and Sells resigned as the auditor for Byju’s, citing a delay in the submission of financial statements. Additionally, directors GV Ravishankar, Russell Dreisenstock, and Vivian Wu also stepped down from Byju’s board. According to a report in Mint, the Union Ministry of Corporate Affairs is considering the option of engaging the Serious Fraud Investigation Office (SFIO)…

[visionarycios]

Store Closures Reach Record High as U.S. Retail Landscape Shifts

https://visionarycios.com/wp-content/uploads/2025/01/1-Store-Closures-Reach-Record-High-as-U.S.-Retail-Landscape-Shifts-Source-massmarketretailers.com_.jpg

Source: massmarketretailers.com

Store closures across the United States surged to their highest level since the pandemic, with significant closures in 2024, and more expected in 2025. A new report reveals that major retailers such as Party City, Big Lots, Walgreens, and Macy’s have been at the forefront of this wave of closures, as a growing number of stores are being shut down due to changing consumer habits and the rise of e-commerce.

A Sharp Increase in Retail Store Closures

The number of retail store closures reached a peak in 2024, with 7,325 locations shutting down, according to a report by Coresight Research. This marks the sharpest increase in closures since 2020, the year the COVID-19 pandemic began when nearly 10,000 stores were closed. As the retail landscape continues to evolve, more closures are expected this year. By January 10, 2025, retailers had already announced 1,925 store closures, and projections estimate that this number will rise to around 15,000 by the end of the year.

Among the companies closing the most locations are Party City, Big Lots, Walgreens Boots Alliance, 7-Eleven, and Macy’s. These closures are part of a broader trend where certain retailers are struggling to stay afloat while others, like Amazon, Walmart, and Costco, continue to thrive by capitalizing on consumer demand for convenience and value.

Bankruptcy Surge Contributing to Closures

In addition to shifting consumer preferences, an increase in retail bankruptcies has contributed to the high number of store closures in 2024. According to Coresight’s data, there were 51 retail bankruptcies in 2024, nearly double the number from the previous year. Notably, Party City and Big Lots have been forced to close many of their locations as part of bankruptcy proceedings.

Despite strong consumer spending, which rose 4% during the holiday season in 2024, the dollars are flowing to fewer retailers. Major chains that have adapted to evolving shopping habits have benefited the most, while smaller, specialty retailers have struggled to remain viable.

Struggling Specialty Retailers

Specialty retailers have been particularly hit hard by the ongoing changes in consumer behavior. Companies like The Container Store, Big Lots, and Joann have filed for bankruptcy protection. The Container Store’s filing follows a broader trend where smaller retailers close stores or downsize due to shifting demands and market pressures.

It’s not just specialty stores that are feeling the squeeze. Companies like CVS Health, Dollar Tree’s Family Dollar, and rue21 have also experienced large-scale closures. For example, rue21, a teen apparel retailer, closed all of its stores following bankruptcy filings, further underlining the broader retail crisis.

The Impact of E-Commerce and Changing Consumer Preferences

Coresight Research attributes much of the decline in brick-and-mortar stores to the rise of e-commerce. Companies like Amazon, Shein, and Temu have significantly altered the retail landscape. In particular, Shein and Temu have seen explosive growth, generating billions in sales, with a significant portion coming from U.S. consumers.

Retail analyst John Mercer highlighted that while overall demand remains strong, it is being concentrated in fewer retailers that meet consumer preferences for convenience and low prices. He explained that smaller specialty retailers, especially those dependent on physical stores, have been unable to keep pace. Even minor declines in sales can be detrimental for retailers with high fixed costs like leases and labor.

Shifting Malls and Shopping Centers

The rise in store closures has also been linked to changes in mall traffic patterns. As major anchor stores like Macy’s close their doors, smaller retailers that rely on foot traffic may follow suit. Retail analysts suggest that many shopping malls and strip centers are being repurposed for other uses, such as fitness studios, urgent care clinics, or apartments, rather than being filled with new retail stores.

David Silverman, a retail analyst at Fitch Ratings, noted that population shifts and evolving consumer habits have led to a rethinking of retail store locations. The COVID-19 pandemic had already shifted where and how people shop, with many retailers reassessing their footprints in response.

Store Openings Still Strong

Despite the challenges faced by many retailers, some chains continue to expand. In 2024, store openings in the U.S. increased to 5,970, the highest number recorded since Coresight began tracking retail data in 2012. Leading the charge were Dollar General, Dollar Tree, 7-Eleven, and Five Below. The retail advisory firm predicts that 2025 will see approximately 5,800 new stores opening across the U.S.

A few key players are also pushing forward with store expansions, including Aldi, JD Sports, Burlington Stores, Pandora, and Barnes & Noble, which are expected to lead the list of store openings in 2025.

The Outlook for Retail

The U.S. retail industry is at a crossroads, with traditional stores closing in large numbers while e-commerce continues to reshape the marketplace. Retailers are grappling with how to adapt to changing consumer preferences and the growing influence of online shopping. As store closures continue to rise, companies will need to adjust their strategies, embracing new approaches to stay competitive in a rapidly changing environment.

[shenessawright]

Lounge Couture Chronicles - A Glimpse into the Journey - week 9 business progress

Hey Tumblr fam!

I'm back with a dose of Lounge Couture updates – the brand that's not just about clothing; it's a lifestyle. Grab a cup of your favourite beverage and join me as we dive into the heart of the Lounge Couture journey.

What's Working? I'm beyond thrilled to share that our signature designs are making waves! Your love for Lounge Couture has been our greatest achievement. The positive reviews and growing customer base tell me that we're hitting the right chords in the world of chic and comfort.

What's Not Working? Let's keep it real – we've faced some challenges, especially in product management. But here's the silver lining – challenges are opportunities in disguise. We're using every hiccup as a stepping stone to refine and redefine what Lounge Couture stands for.

Project Progress The Lounge Couture dream is unfolding right before our eyes. Brace yourselves for a collection that speaks volumes. The brans is looking to indulge in a Christmas clothing launch.

Learning About Running a Business Running Lounge Couture has been a whirlwind of learning curves. From understanding market trends to perfecting the art of craftsmanship, every day brings a new lesson. It's a thrilling business journey, and we're soaking in every bit of knowledge.

Learning About Myself Lounge Couture isn't just about clothing; it's about self-discovery. I've found resilience, creativity, and a deep passion for creating clothing that resonate with style and comfort. It's as much a journey of personal growth as it is about business success.

Feelings About the Project How do I feel? It's a blend of excitement and determination. Lounge Couture is not just a brand; it's a movement. Your support fuels our passion, and we're committed to bringing you an experience that goes beyond the ordinary.

Closing this post with a massive thank you to the Lounge Couture family. Your enthusiasm keeps our creativity flowing. Stay tuned for more updates as we continue this incredible journey together.

Until next time,

Shenessa Wright

[thevirtualupdate]

📡 Vodafone Idea Settles ₹1,910 Crore Dues with Fresh Equity Injection

Vodafone Idea takes a bold step by settling ₹1,910 crore dues to Indus Towers with the help of a fresh equity injection. Could this mark a turning point for the company and the telecom sector? 📈

👉https://thevirtualupdate.com/vodafone-idea-settles-rs-1910-crore-dues-to-indus-towers-with-fresh-equity-injection-et-telecom/

[jame-s1]

Week 13 Update

What is Working? Our marketing efforts are paying off big time, and our team's dedication is shining bright. Customers are loving our service, and positive feedback keeps us smiling.

What is Not Working? Shipping logistics are still a puzzle we're piecing together. Making sure every package arrives on time and intact is our top priority, but we're on it!

How Do I Feel About the Project? Despite the challenges, I am pumped about what is ahead. We've come a long way, and I'm energized by our progress.

What Am I Learning About Running a Business? Flexibility, resilience, and putting customers first are key. Every day teaches me something new, and I am soaking it all in.

What Am I Learning About Myself? I am discovering my inner strength and embracing uncertainty with confidence. Turns out, I thrive in the chaos of entrepreneurship.

Thanks for being part of this journey.