>>>
>>> ELEVEN AFTER 8:00 RIGHT NOW.
NOW.
NOW. WE
NOW. WE ARE TALKING ABOUT BUSINESS
NEWS AND WAYS TO HELP YOUR
WALLET IN THIS MORNING'S
BUSINESS BRIEF.
BUSINESS BRIEF. WE ARE LIVE ON SKYPE TO BREAK
IT ALL DOWN.
GOOD MORNING.
GOOD MORNING. NICE TO SEE YOU.
>> GOOD MORNING, COLORADO.
I'M HERE ON THE BUSINESS BRIEF
TO EDUCATE AND INFORM YOU ON
WHAT'S GOING ON WITH BUSINESS
AND MAKING SOUND
DECISIONS WHEN IT COMES TO OUR
COMMUNITY.
COMMUNITY. LET'S GET RIGHT TO BUSINESS. A
QUICK UPDATE ON THE MARKETS.
IT LOOKS LIKE THE DOW IS UP THIS
MORNING. OVER 200 SOME ODD
POINTS.
POINTS.
POINTS. THE NASDAQ SLIGHTLY DOWN, THE S&
P 500 SLIGHTLY UP IN THE GREEN.
TAKE A LOOK AT THIS INTERESTING
CHART ON HOW ROBIN HOOD
INVESTORS ARE INVESTING.
80% OF ROBIN HOOD INVESTORS ARE
ACTUALLY MILLENNIAL. THESE ARE
THE 10 MOST POPULAR STOCKS
AMONGST TO THAT GROUP OF
INVESTORS WITH FORWARD, GENERAL
ELECTRIC'S, AMERICAN AIRLINES,
DISNEY ON DOWN THE LIST WITH
APPLE AND AURORA CANNABIS
ROUNDING OUT THE TOP 10.
EXPECT THE MARKETS TO RESPOND
TO REOPENING NEWS, RISING
INFECTIOUS RATES, AND THE JUNE
JOBS REPORT WHICH IS DUE OUT ON
THURSDAY.
THURSDAY.
THURSDAY. NEXT, SOME TOP BUSINESS NEWS.
AN ANALYSIS BY STANFORD
GRADUATE SCHOOL OF BUSINESS
THROUGH THEIR CLOSER LOOK
SERIES OF AMERICA'S LARGEST
CORPORATIONS FINDING THAT THE
STATE OF DIVERSITY IS STILL
DISMAL WHILE ALMOST ALL OF
THESE COMPANIES HAVE STATEMENTS
OF COMMITMENT TO DIVERSITY,
THEIR EFFORTS WITHIN THE OWN
LOCAL SUITES AND THE BOARDS
HAVE PROVEN LACKLUSTER AT BEST.
WOMEN HOLD ONLY 7% OF THE CEO
RULES WELL ETHNICALLY DIVERSE
EXECUTIVES HOLD 9% OF CEO ROLES.
ACTIONS SPEAK LOUDER THAN WORDS,
AND THIS UNDERSCORES THE NEED
FOR CHANGE IN CORPORATE AMERICA
IN ORDER TO BETTER ADDRESS
ECONOMIC DISPARITIES. NEXT UP,
WHILE COLORADO'S PRIMARY IS
TOMORROW, THE COLORADO
LEGISLATURE IS ASKING THE
QUESTION WHETHER TO REPEAL THE
GALLAGHER AMENDMENT TO THIS
GENERAL ELECTION BALLOT.
THE TOTAL PROPERTY TAX SHARED
BETWEEN RESIDENTIAL PROPERTY
AND COMMERCIAL PROPERTY.
SUBSTANTIALLY HIGHER BUSINESS
TAXES.
TAXES.
TAXES. THE COLORADO STATE SENATOR SAYS
THIS MEASURE COULD HELP BUSINESS
AND IT OPENS THE DOOR FOR
FUTURE LEGISLATURES TO REDUCE
PROPERTY TAXES.
PROPERTY TAXES. COLORADO RISING FAILED THE
LEADING VOICE SAYS IT WILL NOT
HELP BUSINESS AT ALL AND WILL
ONLY LEAD TO HIGHER RESIDENTIAL
PROPERTY TAX RATES.
WE SHOULD ALL WATCH THIS DEBATE
PLAY OUT.
PLAY OUT.
PLAY OUT. >>> THESE DAY RETAIL STORES ARE
WORKING HARD TO KEEP THEIR JOBS
OPEN THROUGH THIS PANDEMIC.
TODAY I ENGAGED WITH DON
JOHNSON, OWNER OF MAINSTREAM
BOUTIQUE, A WOMEN'S CLOTHING
RETAILER.
RETAILER.
RETAILER. >> TODAY ON THE BUSINESS BRIEF
WE HAVE THE OWNER OF MAINSTREAM
BOUTIQUE, A WOMEN'S CLOTHING
RETAILER WITH LOCATIONS IN
AURORA, CASTLE PINES.
GOOD TO HAVE YOU.
>> THANKS FOR HAVING ME.
>> PERHAPS IT'S A TALE OF TWO
WORLDS.
WORLDS.
WORLDS. REUTERS REPORTED THAT RETAILERS
THAT SELL NONESSENTIAL GOODS,
ESPECIALLY CLOTHING, WERE
CRUSHED BY COVID-19
SHUTDOWN RESTRICTIONS SUFFERING
A RECORD COLLAPSE IN SALES FOR
MARCH AND APRIL, YET IN MAY
RETAIL SALES WERE UP BIG TIME.
17.7%. MACY'S JUST CUT 3900 JOBS
. J.CREW, JCPENNEY, NEIMAN
MARCUS ALL IN BANKRUPTCY. THE
BIG CATS SEEM TO BE IN TROUBLE.
YOUR SMALL BUSINESS, HOW IS
THINGS GOING FOR YOU?
ARE YOU HIRING?
>> WE WERE FORTUNATE TO BRING
MOST OF OUR STAFF BACK WITH THE
HELP OF SOME OF THE GOVERNMENT
FUNDING WE RECEIVED TO KEEP
GOING, AND SO WE ARE NOT HIRING
AT THE MOMENT. WE USUALLY BRING
IN SUMMER HELP.
WE DON'T NEED THE SUMMER HELP.
WE ARE PRETTY MAXED OUT.
KEEPING THE DOORS OPEN IS AN
INTERESTING QUESTION. WE ARE
KEEPING OUR DOORS OPEN. IT IS
HARDER THAN I PROBABLY WOULD'VE
IMAGINED. WE HAD A REAL BIG
RESURGENCE IN THE BEGINNING.
PEOPLE WERE GREAT, WANTING TO
SUPPORT US, BUT IT'S A
DIFFERENT ECONOMY.
DIFFERENT ECONOMY. IT'S A DIFFERENT CLIMATE OUT
THERE.
THERE.
THERE. PEOPLE ARE SCARED NOT ONLY
PHYSICALLY OF CATCHING THE
VIRUS OR BEING OUT AND ABOUT
AND ALSO WITH THE RECESSION
THAT'S COMING AND HOW HARD IT'S
GOING TO HIT THEM AND THEY'VE
BEEN IMPACTED BY JOB LOSSES AND
FOR LOWE'S AS WELL. SO WE ARE
TAILORING OUR MARKETS SO WE ARE
FOCUSING ON BRANDS THAT THEIR
PRICE POINTS ARE REALLY
ATTRACTIVE. WE ARE NOT A HIGH
PRICE BOUTIQUE AT ALL.
WE REALLY WANT PEOPLE TO BE
ABLE TO COME IN AND EXPERIENCE
FASHION WITHOUT BREAKING THE
BANK. WE ARE SPENDING A LOT OF
TIME EDUCATING CONSUMERS ON HOW
TO WEAR THINGS THAT YOU CAN
WEAR ALL YEAR LONG INSTEAD OF
JUST A SHORT SEASON AND MAKING
THE MOST OUT OF EVERY DOLLAR
BECAUSE EVERY DOLLAR COUNTS.
IT'S VERY IMPORTANT.
PEOPLE ARE MANAGING THEIR MONEY
. SO WE ARE KEEPING THE DOORS
OPEN BUT IT HAS BEEN A FIGHT.
>> HOW CAN STATE OR THE LOCAL
GOVERNMENTS BETTER SUPPORT
DURING THESE TIMES?
>> YOU KNOW, I THINK THAT
COLORADO HAS DONE A GOOD JOB AS
FAR AS GETTING US, YOU KNOW,
GIVING US THE SUPPORT THAT WE
CAN.
CAN.
CAN. LET'S FACE IT.
WE WERE OFFICE WITH
UNPRECEDENTED TIMES AND WE ALL
HAD TO DEAL WITH THIS AS FAST
AND QUICKLY AS WE COULD.
WE HAVE BEEN ABLE TO TAKE
ADVANTAGE OF SOME OF THE
FEDERAL STIMULUS WHICH HAS
HELPED US TREMENDOUSLY.
I WILL PROBABLY FOREVER BE
THANKFUL FOR THAT. I THINK THAT
THEY ARE SUPPORTING US THE BEST
THEY CAN.
THEY CAN.
THEY CAN. MAYBE EVEN MORE OF A SUPPORT
LOCAL, SHOP LOCAL CAMPAIGN,
SOMETHING STRONGER FROM THE
STATE PERSPECTIVE
STATE PERSPECTIVE PERSPECTIVE.
PERSPECTIVE. THE SMALL BUSINESSES ARE
PROBABLY BEING HIT HARDER. AS
PEOPLE THINK THERE IS A BIG
RESERVE THERE TO GET YOU
THROUGH THESE TIMES, THERE
REALLY ISN'T.
REALLY ISN'T. >> I COULDN'T AGREE MORE.
WE NEED TO DO CAMPAIGNS TO
ENCOURAGE PEOPLE TO SHOP AT OUR
LOCAL BUSINESSES LIKE YOURS. I
COULDN'T AGREE MORE.
HOPEFULLY, LAWMAKERS ARE
LISTENING TO POLICYMAKERS LIKE
YOU.
YOU.
YOU. NOW,
YOU. NOW, I KNOW YOU FEEL STRONGLY
ABOUT WOMEN IN THE WORKFORCE.
PART OF YOUR MOTIVATION IS
TEACHING YOUR OWN DAUGHTER
ABOUT HARD WORK AND SUCCESS. AS
A DATA FOUR, TWO OF WHICH ARE
DAUGHTERS, I RESPECT AND
APPRECIATE THAT.
APPRECIATE THAT. WOULD YOU SHARE WHAT LESSONS
YOU'VE LEARNED AS A SMALL
BUSINESS OWNER OR OTHER WOMEN
ENTREPRENEURS?
ENTREPRENEURS? >> I HAVE A CORPORATE HR
BACKGROUND, SO GOING INTO
WOMEN'S CLOTHING BOUTIQUE YOU
NEED TO DO YOUR RESEARCH.
YOU NEED TO BE EDUCATED. YOU
NEED TO RELY ON PEOPLE. YOU NEED
TO ASK THE QUESTIONS.
YOU CANNOT BE EMBARRASSED TO
ASK A DUMB QUESTION BECAUSE
THERE ARE NO DUMB QUESTIONS.
AND THERE'S PLENTY OF BUSINESS
TO GO AROUND.
WOMEN NEED TO LEARN TO SUPPORT
OTHER WOMEN. I SHOP AT OTHER
BOUTIQUES ALL THE TIME. I
WOULD HOPE OTHER BOUTIQUE OWNERS
WOULD SHOP WITH ME.
THERE'S PLENTY OF BUSINESS FOR
ALL OF US, WE JUST NEED TO
REALIZE WE ARE NOT THE ENEMY.
I SAY TO THE GIRLS AT WORK FOR
ME ALL THE TIME, WHEN THEY
SOMEDAY AT MY AGE, AND I WON'T
BE HERE
BE HERE
BE HERE ANYMORE, SIT DOWN AND TELL THE
KIDS OR GRANDKIDS ABOUT THAT
FIRST LOSS THEY HAD THAT REALLY
CHANGE THEIR LIFE OR HELP THEM
REALIZE YOU COULD BE ANYTHING
YOU WANT TO BE, THAT MY JOB IS
DONE.
DONE.
DONE. THAT'S THE LEGACY I WANT TO
LEAVE BEHIND.
LEAVE BEHIND. >> THERE YOU HAVE IT.
OWNER OF MAINSTREAM BOUTIQUE.
BEST WISHES TO YOU, THE FAMILY,
AND THE BUSINESS.
WE LOOK FORWARD TO HEARING HOW
YOU ARE DOING IN THE FUTURE.
>>> ALL RIGHT.
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