BOA: Retail Job Losses Are Snowballing Into A Big ProblemRupert Hargreaves
Even though the number of retail job losses is not causing havoc in the labour market today, “the pace of adjustment away from brick and mortar towards online and likely to impact the overall data in time” according to a new research report on the topic of retail job losses from Bank of America.
Brick and mortar retail losses have accelerated in recent months hitting a staggering 61,000 over February and March. Initially, this weakness was blamed on a slowdown in consumer activity on weak demand . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat