Coming in 2021: Economic recovery, eventually
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Restaurant losses mount since outdoor dining ban
Restaurants across the country have been decimated by the COVID-19 pandemic, and the latest stay-home order in Southern California hasn’t helped. One restaurant owner said sales are down 80% since outdoor dining ended.
Five tech business trends to watch in 2021
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Guitar Center bankruptcy hits final note
Guitar Center announced that it emerged from Chapter 11 bankruptcy proceedings after its reorganization plan was confirmed in federal court on Dec. 17, less than a month after the company filed for bankruptcy. The plan puts into motion a collection of previously announced recapitalizations, including exit financing and the abolishment of all of Guitar Center’s Read More →
2020: The Year In Review
The Dec. 25 edition of the Pacific Coast Business Times was our annual Year In Review, featuring a look back at our biggest and most interesting stories from a year we won’t soon forget, as much as we all might like to. Here is a look at 2020 through our headlines, starting in January, when Read More →
More avocado consumption doesn’t add up to more profit for Calavo
Americans have been eating more avocados than ever during the pandemic, but the companies that sell them avocados aren’t necessarily profiting from the growing volume. Around 70% of U.S. households will have purchased avocados in 2020, with consumption on pace to top 6.25 billion avocados, 64% more than U.S. consumers bought in 2014, according to Read More →
Direct Relief to get share of MacKenzie Scott’s billions
When MacKenzie Scott announced recently that she’d given nearly $4.2 billion to charitable organizations in the United States, one of the 384 recipients on her list was Direct Relief, the Santa Barbara-based nonprofit that distributes medical aid all over the world. Direct Relief plans to disclose both the exact amount of the gift and the Read More →
