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If You Could Solve The 2020 Pandemic Puzzle Today What Difference Would It Make In your Finances? What if you Could Start Earning For Free? Are you ready To Solve The Puzzle?
Luck Is The Good Life You Create For Yourself - Djamee
I am sharing with you one of the most important info that fell on my desk in a long time. The year is 2020, the Month is August. One of my mentor likes to say "In life you must keep moving. If you don't and stay still you are dead." A quote inspired by the legendary George. S Patton. Can you afford to wait on a Government which representatives do not not care about you? This is unreasonable.
So if there were info more important than banning TIK TOK, it would look like this.
JC penny, announces mass closures in 2020. They are closing 154 stores this Summer. They defaulted on a debt payment and is nearly $4Billion in debts at the time I gathered these information for you. JC penny, will close a total of 242 stores between this fiscal year and next.
Victoria’s Secret, recently announces it would be closing up to 250 stores in the US and Canada. Their net sales fell 46% in the first fiscal quarter of 2020.
GAP, closed 40 stores globally in early 2020 as part of plant to close 230 stores over the course of two years.
Macy’s will close 125 stores and cut 2,000 corporate jobs and closing several offices.
Neiman Marcus’ will close 22 of its "Last Call" Stores and filed for bankruptcy.
The Children’s, PLACE, will close 300 stores by 2021.
ZARA will close 1,200 stores around the world.
Lucky Brand, filed for bankruptcy in July.
Brooks Brothers, filed for bankruptcy July 8th;
J.Crew, and the list goes on and on.
The luxury segment was not spared. Chanel; Hermes; Rolex have stopped production. Starbucks is closing permanently 400 stores. According to Forbes, some retailers were already struggling due the rise of online shopping, "The Coronavirus pandemic grinder in-store shopping to a halt, leaving those without well-developed e-commerce businesses in serious trouble."
This is the result of 5 Months of the pandemic. Opening Schools in September is a chill factor in my opinion. Except for the social interaction benefits; I wish kids would be home schooled. The possible fallout of reopening schools is an "Unknown," as I’m writing this.
A lot of you are jobless, or you know of friends who are jobless. Not for being fired, but laid off around March this year. Now the unemployment benefits are gone. If you have a job during these trying times and you don’t see a pay cut or dismissal, treat it well.
There is a Presidential Election in November in The United States. Whatever the outcome of the election, the markets will react. On the top of what is going on right now; you should be concerned about your savings; 401K and stocks; because of another financial crash is looming. You can get resources on the topic here
For Models and Actors, the transition is one of the worst challenge in years, because of the restrictions imposed by COVID19 WORK, Guidelines. However both Industries will thrive. The 360° turn will permanently kill TV ads and Billboards revenues streams.
The Models rates will go down before they go up again in may be in 2 or 3 years, when advertisers and agents or Actors Unions, can argue that former TV rates should be applied to online advertising. Performing Artists in all genre including dancers, have to come up with new ways to reach their fans. You can read my blog post about it here.
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