– The Atlantic
In the middle of an economic recovery, hundreds of shops and malls are shuttering. There have been nine retail bankruptcies in 2017 – as many as all of 2016. The reasons why go far beyond Amazon. Here are three explanations for the recent demise of America’s storefronts.
– The New York Times
General merchandise stores shed 34,700 jobs in March, the government announced Friday, the single most disappointing figure in a generally disappointing jobs report. The vitality of the retail sector has been muscled out of the spotlight lately by a focus on better-paying manufacturing jobs – but retail outlets still employ millions of Americans and serve as an entry point into the labor force, especially for those with less education and fewer skills.
– The Motley Fool
Last fall, the U.S. restaurant industry hit a wall of worry it has so far been unable to climb. Foot traffic went into retreat, and profits at many chains followed suit. Six months into the so-called “restaurant recession,” the news has yet to show that the industry is on the mend. With the industry cannibalizing itself thanks to over-optimistic expansion, it looks like the “recession” isn’t over yet.
The union-backed Organization United for Respect (OUR) Walmart Executive Director follows other labor leaders in opining on the future of the labor movement and alternative methods of organizing.