Shop Talk

Retailers, consumers and prices

Check Out Line: Job cuts on Aisle 4!

Photo

USA-ECONOMY/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.

  •