Retailers Are Already Trying to Fend Off the Grinch

Retailers Are Already Trying to Fend Off the Grinch

DailyFinance.com

Filed under: JC Penney, Sears Holdings, Wal-Mart Stores, Costco, Retail

It's hard not to sound like the Grinch these days. But as we head into the holiday season, there's not too much cheer to spread around.

August 2011 saw a 47% increase in layoffs compared to last year, and there's more of that to come. Unemployment remains at a painfully high 9.1%, and the government report on hiring showed that there was no growth in employment in the month of August.

It's not just the employment scenario that's grim. The most recent U.S. census data show a poverty rate of...

Retailers Are Already Trying to Fend Off the Grinch originally appeared on DailyFinance.com on 2011-09-24T09:00:00Z.

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