If you've been watching the news then you know the retail industry--like many industries in the U.S.--is reeling because of the Coronavirus Pandemic. Thousands of stores have been shuttered and millions of retail workers have been laid off or furloughed. 26 million Americans are our of work. Many are struggling. A new poll reveals 41% report some loss of income, 27% say someone in their household has been laid off, and 22% are struggling to pay their bills. When the health crisis recedes some retail workers probably won't have a job to go back too. If you work in retail what does your future look like? In this video we give you a brief overview of the industry, offer advice from two experts, and at the end of the video we give you our suggestion. Many of the graphics used in this video were created using Canva, our absolutely favorite graphics design program. Link to Canva:
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About Over50tv:
On this channel, we serve up career advice, interview tips, and job search news. Almost everything a person over 50 needs to enjoy a career, personal, and business success is right here, right now on Over50tv.
About Lou Reyes:
Reyes is a career coach and small business startup expert. He is also the CEO and founder of Over50tv. Reyes began his business career as the founder of Smart Business fka Small Business News, a chain of business-to-business magazines (www.sbnonline.com). He also founded a weekly newspaper. Over the course of his 30-year career, he has hired hundreds of people and interviewed at least ten times that many. Besides founding the publications he also launched a trade show company and created and hosted a weekly radio program for small business owners. His experience includes founding or co-founded almost a dozen other businesses.
About ‘Pittsburgh’ Scott Ernst:
Ernst is the Creative Director and Video Production Manager for Over50tv. Scott is also a graduate of Cleveland State University and the Pittsburgh School of the Arts.
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Category:
Education
Produced by Lou Reyes, Chief Executive Officer and Publisher of Over50tv.
References:
Coach, Kate Spade, Stuart Weitzman to Lay Off 2,100 Part-Time Workers, Will Furlough More if Stores Don’t Reopen by End of May
What retail could look like when stores reopen
Retailers furloughed nearly 1 million workers this week. But the industry’s troubles are just beginning.
What retail could look like when stores reopen
Families struggle to make ends meet while navigating COVID-19 economic relief | Nightline
How Walmart is keeping up with consumer demand during the pandemic
Retailers forced to furlough workers
Macy's To Furlough Majority Of 130,000 Employees
Best Buy To Furlough 51,000 Domestic Workers
Macy's, Kohl's, Gap to furlough thousands of workers as pandemic worsens
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