Tuesday, April 11, 2017

Retailers make sharp job cuts as consumers migrate online

A clerk arranges towels at a J.C. Penney store in New York. The last two months saw the largest decline in retail jobs since December 2009, when the economy was coming out of a deep funk.  (Mark Lennihan/AP)Retail stores are cutting jobs at the sharpest pace in more than seven years, evidence of a seemingly inexorable shift away from employee-heavy stores as Americans increasingly shop online.

A combined 60,600 retail job losses over the past two months have had less to do with the health of U.S. consumer spending than with changes in buying habits. In the age of Amazon.com, traditional stores, from J.C. Penney to Macy’s, have accelerated store closures and are experimenting with the use of fewer employees to staff the remaining stores.. . . more

No comments: