. On Nov. 18 company CEO Ernie Garcia III told the staff that another 8% of jobs — about 1,500 positions — would be cut across the board. It's the second round of major layoffs announced by the company this year.
In 2020 and into 2021, used vehicle prices skyrocketed in the wake of the Covid-19 pandemic due to new car production problems that were caused by supply chain issues. Now that used car prices have fallen off significantly from those highs, Carvana and its peer group of used car businesses face margin pressures., the Motley Fool investment site said"it's no secret that Carvana is in a liquidity crisis that could force it into bankruptcy. ...
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ACE Awards: Phoenix-based RPG Brands had 'perfect storm' for growth - Phoenix Business JournalRPG Brands, which encompasses Modern Flames electric fireplaces, Grand Canyon Gas Logs, and Wildfire Outdoor Living, saw revenue double from 2020 to 2021 and won the Rookie of the Year honors at the 2022 ACE Awards. Here's how the company's president set RPG Brands up for success.
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New master-planned residential community with 2,600 units proposed south of Phoenix - Phoenix Business JournalAs more companies make plans to build in Pinal County, more housing is needed to support the growth of workers and people moving to the region. Here are the details on a new project being proposed in the small city of Eloy.
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Latino Donor Collaborative's Ana Valdez on the potential of the Latino market - Phoenix Business JournalDemographic shifts have made the Latino community even more critical for businesses, but many companies lack a dedicated strategy. This leader is trying to change that.
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Fox Restaurant Concepts inks partnership with Suns Deandre Ayton - Phoenix Business JournalFox Restaurant Concepts and Helping Hands for Single Moms teamed up with Suns center Deandre Ayton to bring fans together over food — specifically a dish prepared by Ayton's mom.
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Coming Soon: The Big Credit Squeeze - Phoenix Business JournalAs the Federal Reserve tries desperately to bring down the rate of inflation, consumers are using a previously-used tactic to finance and offset higher costs – credit. The question is will they be able to pay back their debts?
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Optima McDowell Mountain Village receives approval from Scottsdale City Council - Phoenix Business JournalCity documents show that Optima looks to start on construction as soon as possible after being given the green light from Scottsdale City Council. phoenix
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