More than 41,000 people have lost their job in the retail industry so far this year — a 92% spike in layoffs since the same time last year, according to a new report.
“This is significant, and marks an acceleration of store closures and job cuts in the near term," said Mark Hamrick, a senior economic analyst at Bankrate. “Retail is ground zero for seeing the shifts of change in our lives.”
“The decision to close our local stores is a difficult one,” said Lifeway Chief Executive Officer Brad Waggoner. “While we had hoped to keep some stores open, current market projections show this is no longer a viable option.” However, increased competition from e-commerce giants like Amazon continue to cause ripple effects for traditional brick and mortar retailers.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Two under-the-radar retail buys as the group breaks out, according to expertsThe retail sector is rallying, but two Street watchers says there are more gains ahead. Oppenheimer's Ari Wald likes Columbia Sportswear, while Point View Wealth Management's John Petrides says Hanesbrands is the name to own.
Leer más »
Ashley’s retail foray more desperate than inspiredSports Direct, controlled by Mike Ashley, may pay 61 mln pounds for struggling high street chain Debenhams. But taking on its heavy debt and leases, or restructuring them later, would be tricky. Ashley’s best bet may be to agitate for a higher payoff for his 30 percent stake.
Leer más »
March Madness is good for retail stocksOver the past decade, the U.S. retail industry group has outperformed the Consumer Discretionary sector the month after March Madness.
Leer más »
Australia's Wesfarmers bids $1.1 billion for rare earths miner LynasAustralian retail-to-chemicals conglomerate Wesfarmers Ltd said on Tuesday that ...
Leer más »
Prepare To Experience Cannabis Like Never Before, Without Stepping Foot Into A DispensaryA new cannabis retail store in West L.A. offers an experience unlike any dispensary
Leer más »
CME's CEO explains how Main Street is taking more control over its portfolio from Wall Street, and how the futures exchange is adaptingCME Group's Terry Duffy spoke to Business Insider about the exchange's growing retail customer base.
Leer más »
Walmart is expanding its education benefits for 1.4 million U.S. associatesWalmart is expanding its education benefits for 1.4 million U.S. associates by SallyPancakes
Leer más »
One of the most successful mall companies in America reveals how it has defied the retail apocalypseWestfield owns some of the most valuable malls in the US.
Leer más »
The US president of upscale mall operator Westfield reveals 9 strategies that have helped the company fend off the retail apocalypseWestfield owns some of the most valuable malls in the US.
Leer más »
Elon Musk just emailed all Tesla employees to 'clear things up' about the company's plan to close storesTesla retail stores will be 'given a fair opportunity' to make the case that they should remain open.
Leer más »