To address staffing growth that has exceeded business gains and a tough macroeconomic environment, eBay will reconfigure the company’s workforce with plans to lay off about 1,000 employees, or approximately 9% of its staff. The move comes after other retailers that...
Although macroeconomic factors have weighed on holiday sales prospects, National Retail Federation Chief Economist Jack Kleinhenz, as part of NRF’s Monthly Economic Review for November, stated that consumer spending momentum looks to chug along in the last two months...
Consumer spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation chief economist Jack Kleinhenz noted in the August NRF Monthly Economic Review. He pointed out that gross domestic...
Spectrum Brands managed a Wall Street beat on earnings in the third quarter, but outside influences proved a drag on the top line. Net loss from continuing operations was $172.2 million, or $4.27 per diluted share, versus net income from continuing operations of $3...
Wedding planning platform The Knot is rolling out a new brand look, direction and advertising strategy based on a study it conducted that took younger consumers as a main focus. The brand’s largest marketing launch of all time will support the new national...