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US Retailer Holiday Hiring To Drop to Levels Last Seen in 2008

Retail Wire

US retailers are anticipated to hire the fewest seasonal workers for the upcoming holiday season since 2008 due to escalating labor expenses and uncertain consumer confidence, reveals a report by Challenger, Gray & Christmas.

Consumer 113
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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Sterling Jewelers settles 2008 sexual bias case

Retail Wire

The settlement, which covers around 68,000 workers, was filed in 2008. Sterling Jewelers has agreed to pay $125 million to settle a sexual bias case that alleged the chain discriminated in pay and promotions against female retail sales workers.

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Consumer prices rise at fastest clip since 2008

Retail Wire

percent, excluding food and energy), the biggest increase since August 2008, the Labor Department reported. Consumer prices jumped five percent year-over-year in May (3.8 Used car and truck prices, which have climbed nearly 30 percent over the past year, were one of the major factors driving up the Consumer Price Index.

Consumer 100
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Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008

Small Biz Trends

Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008. This article, " Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008 " was first published on Small Business Trends. A report in Fox News says the rate puts mortgages at their highest level since 2009, 13 years ago.

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Aje trims head office workforce

Inside Retail

Founded in Melbourne in 2008, Aje now has stores across Australia and New Zealand and an e-commerce site for international orders. .” The workforce reduction came a year after the company restructured, combining its Aje, Aje Athletica and Ikkari brands into a new company called Aje Collective.

Marketing 274
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Grown Alchemist taken private as L’Occitane sells stake to former CEO

Inside Retail

Founded in Australia in 2008 by Melbourne siblings, Jeremy and Keston Muijis, Grown Alchemist has a presence in more than 40 countries. .” The brand will be headquartered in London. Grown Alchemist said the move will help it accelerate growth and drive development in key markets including North America and China.

Marketing 264