Planned layoffs rise 20 percent in Jan: Challenger

Noting that January was typically a month of plentiful job cuts, global outplacement company Challenger, Gray & Christmas said in its announce that the slowdown in job cuts that began in the recent half of 2010 appeared to be continuing.

Challenger said the January gross was the lowest for that month since the company began tracking monthly layoff announcements in 1993.

Job cuts in January were led ~ the agency of the government and non-profit sector, it said.

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Retailers to sound chilly end to holidays

http://www.nathanhamm.net/news/retailers-to-mention-chilly-end-to-holidays/ http://www.nathanhamm.net/news/retailers-to-rumor-chilly-end-to-holidays/#comments Wed, 02 Feb 2011 16:01:13 +0000 Nathan Hamm News chilly holidays report Retailers http://www.nathanhamm.net/news/retailers-to-report-chilly-end-to-holidays/ NEW YORK (Reuters) – Retailers are poised to flourish only a modest rise in January sales as record snow in sundry parts of the United States kept shoppers away from malls and crimped exact for early spring merchandise. January numbers … Continue reading →

NEW YORK (Reuters) – Retailers are poised to pretext only a modest rise in January sales as record snow in crowd parts of the United States kept shoppers away from malls and crimped require for early spring merchandise.

January numbers will also reflect a pullback in expenditure by shoppers, after they opened their wallets during November and December, helping U.S. retailers express their best holiday sales in six years.

Retail chains, ranging from Target Corp to J.C. Penney Co to Saks Inc, be disposed report January sales on Wednesday and Thursday. January is the last month in the retail sector’s fourth quarter.

Sales at supplies open at least a year, or same-store sales, are calculate to rise 2.7 percent, compared with a rise of 3.3 percent a year earlier, according to Thomson Reuters premises.

“It looks like kind of a lackluster month,” Nomura analyst Paul Lejuez said. “It is a clearance month typically. Usually we like to behold some cooperation from the weather to sell some full-price ~-tide merchandise.”

That did not happen, particularly in the Northeast, in which place snowstorms “probably set people back a way in terms of meditation about buying spring products,” Lejuez said.

Across the United States, this was the coldest January in four years and the snowiest in six years, before-mentioned Scott Bernhardt, chief operating officer of Planalytics, which provides weather data for businesses.

“Clearly, this type of weather is not conducive to spring selling, and we believe negatively impacted sales in January,” Janney Capital Markets analyst Adrienne Tennant said.

On Tuesday, the International Council of Shopping Centers divide its forecast for January same-store sales to a rise of 1.5 to 2.0 percent, citing heavy weather. Last week it said it expected a rise of encircling 2.0 percent.

Fewer discounted goods in a typically promotional month could moreover have kept bargain-hungry shoppers away.

“Retailers came out of the fкte-day season clean on inventory, leaving little clearance in a typically promotional month,” Goldman analyst Adrianne Shapira wrote.

January is the smallest contributor to sales in the sell in small quantities fourth quarter as shoppers generally pull back after the shopping binge during the peak of the holidays.

“Consumers were impacted by place-holiday credit card statement shock after having spent more freely up~ the body discretionary merchandise over the holidays this year,” Deutsche Bank algebraist Bill Dreher said in a note.

WINNERS AND LOSERS

U.S. retailers that proposal exclusive yet affordable merchandise will likely stand out from the compact in January, a theme that has played up prominently across the sell in small quantities spectrum in the holiday shopping season.