Min-Liang Tan, the co-founder and CEO of global gaming company Razer, isn't happy about the pandemic that has shuttered his five stores and 16 offices, but he is finding the silver lining. "Everyone's stuck at home and we could see more people come online than ever before," he said.
Interest in one-on-one mentorships and networking is on the rise amid the coronavirus lockdown, David Griner writes. Workers are using their newfound free time to connect via video chat to feel professionally productive, break up their isolation and explore new job opportunities.
Kohl's CEO Michelle Gass is giving up her $1.4 million salary to help offset the impact of store closures caused by the ongoing pandemic. The company has been forced to furlough a significant portion of its staff while stores are closed, but says they will still receive health benefits while they are not working.
A long and growing list of retailers and brands are contributing cash, protective gear and medical supplies to help out around the world during the pandemic, Walter Loeb writes. Walmart and the Walmart Foundation have pledged $25 million, Alibaba is supplying ventilators to New York City and a variety of retailers and brands have turned their talents to face masks.
Neiman Marcus and Jo-Ann Stores joined forces to sew protective masks, scrubs and gowns during the pandemic, which is just one example of the way retailers are working together during the coronavirus crisis. In another example, luxury e-commerce marketplace Farfetch is helping its boutique partners make sales and fulfill orders while their shops are closed. Read more.
Applications for the NRF Foundation Next Generation Scholarship, which features a top award of $25,000, are due May 1 at 11:59 p.m. EST. Undergraduates at NRF University Member schools who will be juniors or seniors in January 2021 are invited to apply online. Apply now.