Retail Store Job Cuts Deepen as More Buyers Migrate Online

[McFurd]

Fox Business - 4/8/2017 - Anne D'Innocenzio - Retail stores are cutting jobs at the sharpest pace in more than seven years, evidence of a seemingly inexorable shift away from employee-heavy stores as Americans increasingly shop online. A combined 60,600 retail job losses over the past two months have had less to do with the health of U.S. consumer spending than with changes in buying habits. In the age of Amazon, traditional stores, from J.C. Penney to Macy's, have accelerated store closures and are experimenting with the use of fewer employees to staff the remaining stores. Read more @ http://www.foxbusiness.com/features/201 ... nline.html