- If the American economy is so great why is there a need for another QE? Obviously, someone is lying! Why did the FedRes reversed its stand on Quantitative Tightening (QT) and opt for easier stance, if the economy is doing great?
- Retail apocalypse? JCPenney, Payless, LifeWay announce 3,000+ combined store closures
by Michael Cappetta, https://www.nbcnews.com/, 29 March 2019
“In the post-digital era, only the strong will survive. Darwin would love this,” said one retail analyst.–
More than 41,000 people have lost their jobs in the retail industry so far this year — a 92 percent spike in layoffs since the same time last year, according to a new report. And the layoffs continue to mount, with JCPenney announcing this week it would be closing 18 stores in addition to three previously announced closures, as part of a “standard annual review.”
Retail job cuts for January and February total 41,201, said research firm Challenger, Gray & Christmas in a new survey, including nationwide retailers such as Payless and Charlotte Russe.
“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.”