BusinessFinancialLaborMarket DataRetail

Retail Employment Stable, Thanks to Omnichannel Growth

In the past few weeks, several department and discount stores have announced store closings that will result in the elimination of thousands of jobs. Macy’s said it will shutter five underperforming stores, putting 2,500 people out of work. Walmart’s Sam’s Club division plans to cut 2,300 jobs, largely due to a new system of staffing stores based on revenues. Target announced the elimination of 475 jobs globally. J.C. Penney plans to close 33 of its ailing department stores, resulting in the layoff of 2,000 employees.

Are big stores starting to unravel?

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Market DataSynthetic Data

Global Synthetic Fiber Price Slide Continues

The global synthetic fiber price decline that began in December accelerated in January, hurt by an overall softness in synthetic fiber, yarn and textile prices. Sluggish demand for apparel and other textile products around the world and a healthy supply of fiber raw materials are at the root of the problem.

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BusinessFinancialMarket DataRetail

Womenswear Buoys Apparel Prices in December

The consumer price index (CPI) in December had its biggest increase in four months, according to data just released by the U.S. Department of Commerce. Prices for all goods and services rose by 1.5% (unadjusted for seasonality) compared to the same month in 2012, with the core rate of inflation, which takes out food and energy price moves, up 1.7%.

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