But some good news emerged Monday afternoon. The Federal Reserve said it is launching a program to buy the small business loans from banks, which will free up bank balance sheets to allow them to make more loans.
Tiffany Montgomery
Tiffany Montgomery is Content Director and Editor-in-Chief of Shop Eat Surf Outdoor, and oversees editorial direction for Retail TouchPoints and Impressions Magazine. She founded Shop Eat Surf in 2007 (acquired by Emerald in 2019) and led its 2025 expansion into Shop Eat Surf Outdoor. Previously a reporter and editor at The Orange County Register for more than a decade, covering beats ranging from police and city hall to the business of surf, retail, and restaurant industries.
Tiffany Montgomery's Latest Posts
Tactics Acquired by TSI Holdings, Owner of Huf
Tactics is a major online player in the industry that also operates three brick-and-mortar stores in Oregon.
Outdoor Retailer Show Director on Cancellation, What’s Next
We asked Marisa Nicholson, Outdoor Retailer Senior Vice President and Show Director, about the decision to cancel the show and what it means for the future.
Hurley Licensee Chooses Not to Furlough in April
United Legwear, the new Hurley licensee for men’s apparel, underwear, legwear and flip-flops, has opted not to furlough employees for now because of the coronavirus crisis.
Zumiez to Protect Full Time Employees
Zumiez is taking a somewhat different approach to cutting costs than many other retailers, at least when it comes to employees.
Application and Guidelines Released for Coronavirus Small Business Loans
The U.S. Treasury Department has released detailed guidelines about how the loans will work and how to apply.
Brands Find Varied Ways to Help Coronavirus Fight
A wide range of companies including Vans, Dippin’ Daisy’s, Sun Bum, Jetty, New Balance, Vail Resorts and more are helping to fight the coronavirus and its impacts.
Volcom CMO on #StayHomeForThis Campaign
Volcom Chief Marketing Officer Ryan Immegart shared with us how the campaign came about and how the Volcom team is holding up during the crisis.
Small Business Help Could Arrive by Friday
The Treasury Department said it hopes to release documents and instructions later Monday on how businesses can apply for the funds, according to the Wall Street Journal.
Rip Curl’s New Owner Outlines Cuts and Other Coronavirus Actions
Like so many companies around the world, Kathmandu and Rip Curl are grappling with the nearly complete and sudden drying up of revenue while sitting on millions of dollars’ worth of inventory.
Tilly’s, Journeys, Schuh Furlough Employees
More large industry customers announced major furloughs of employees and other cost cutting moves today.
Skateboard Sales Jump During Crisis
There appears to be one bright spot in this whole mess: skateboard sales are seeing a big bump.
