Shop Talk
Retailers, consumers and prices
Check Out Line: Job cuts on Aisle 4!
Check out the retail belt tightening.
Not belt tightening by retail customers (if there are any left), but the latest round of cost cuts by retailers themselves.
Williams-Sonoma is cutting 18 percent of its workforce and also paired back capital spending.
Jones Apparel is cutting its capital spending plans to $45 million in 2009 from the $70 million it spent in 2008.
Brown Shoe: closing stores, cutting jobs.
Children’s Place: relocating its e-commerce business and cutting about 350 jobs.
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Resident Shop Talk Expert
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