The following chart shows nonstore sales divided by department store sales.
Click to enlarge.
It doesn't take a rocket scientist to see where department store employment trends are headed, although rocket science might help in establishing the exact trajectory. Sigh.
November 17, 2012
The Softer Side of Sears (Musical Tribute)
Click to enlarge.
See Also:
Retail Employment Pain
The Productivity Miracle of Nonstore Job Destruction (Musical Tribute)
Source Data:
U.S. Census: Retail Trade
Q4 GDP Tracking: Mid 2% Range
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From Goldman:
We left our *Q4 GDP tracking estimate unchanged at +2.4%
(quarter-over-quarter annualized)* but boosted our Q4 domestic final sales
forecas...
5 hours ago
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