Word: retail
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...look at the companies which announced layoffs in December and January demonstrates that almost no industry is immune from job losses due to this contracting economy. Tech companies such as Microsoft (MSFT) fired people. So did many retail operations including Macy's (M).Consolidation efforts led by Pfizer's (PFE) marriage to Wyeth (WYE) have begun to put tens of thousands of people out of work. GM (GM) is signaling that it may have to take another 15,000 or 20,000 jobs off its payroll in the next month to convince the federal government that it can become economically...
...look at the companies which announced layoffs in December and January demonstrates that almost no industry is immune from job losses due to this contracting economy. Tech companies such as Microsoft (MSFT) fired people. So did many retail operations including Macy's (M). Consolidation efforts led by Pfizer's (PFE) marriage to Wyeth (WYE) have begun to put tens of thousands of people out of work. GM (GM) is signaling that it may have to take another 15,000 or 20,000 jobs off its payroll in the next month to convince the federal government that it can become economically...
...next big wave of layoffs will begin in the retail industry where there is still too much store capacity to be supported by a moribund consumer. GM has already signaled its intention to cut additional employees and, based on the rate of the drop in its sales, Chrysler will be forced to eviscerate its employment base further...
...Washington Savings Are Up, Unfortunately With no end in sight to job layoffs and the real estate meltdown, Americans have become more careful with their money, spending less and saving more. While good for individuals, such mass saving is disastrous for the economy--less shopping means fewer retail jobs; less home-buying means fewer construction jobs. According to the Commerce Department, the personal savings rate in 2008 was nearly three times as high...
...first box of Pop Tarts he sees, and pays only 8 dollars for the whole box! What a deal! Cackling madly, he rips open the cardboard container to get to his spoils, only to find that his search for value was an utter failure. The conspiracy had extended to retail; the were only Eight in the Box. This novel is based on a true story. Imagining America in 2033By Herbert J. GansIn this gripping work of post-modern historical fiction (or, “pomo hifi,” or “pofi”), a young writer struggles...