Retail sector hit hard by job cuts
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Employees at car dealerships, furniture stores, gas stations and clothing retailers were among the hardest hit by job losses in December, when unemployment climbed to a two-year high.
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Wildfires in Southern California are exacerbating a difficult retail environment in a state already hit by declining home sales and mortgage woes that have cut into consumer spending.
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Two UK clothing retailers, Next and French Connection, warn that there are tough times to come on the high street.
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Retail sales dropped at their sharpest rate in four years in January, despite heavy discounting in many stores.
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The FTSE 100 extended recent falls on Monday, with retailers at the fore-front of the sell-off. With the key Christmas spending period upon us, the sector was hit by continued consumer spending fears.
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WASHINGTON -- Consumers put away their wallets in June, sending retail sales crashing by the sharpest amount in nearly two years.
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Wall Street was hit hard by a disappointing jobs report.
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Higher gasoline prices, concerns about a softening jobs market and bad weather combined to deal a blow to retailers' back-to-school sales hopes in August, marking a disappointing opening of the fiscal third quarter for most of them.
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A rash of job cuts - more than 10,000 layoffs this week from a handful of companies â-as created some gloom on the job front. But today&#39;s release of jobs data for September was
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Business & money: Retailer blames stayaway shoppers and fierce discounting by rivals for decline in sales
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The deep-discount retail chain is feeling the effects of cautious spending.
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Economic pressures and online deals might have led consumers to sharply limit their trips to retailers in the week leading up to Christmas, data tracker ShopperTrak RCT said on Thursday.
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Economic pressures and online deals  might have led consumers to sharply limit their trips to  retailers in the week leading up to Christmas, data tracker  ShopperTrak RCT said on Thursday.
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The FTSE 100 fell sharply on Tuesday as grocer Tesco provided further evidence of a retail spending slowdown.
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An earnings warning from Lowe's Cos Inc  and a slashed September sales forecast from Target Corp  hammered retail stocks on Tuesday as skittish consumers rein in spending, fueling concerns that the holiday shopping season could be the weakest in years.
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Business & money: Chief executive warns of tougher times until 2009 as retailer reveals first drop in two and a half years
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns