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US retail sales decline

US retail sales weakened at the start of the year. They fell by 0.2 percent month-on-month in January, as the Department of Commerce announced in Washington on Friday. The retail sector is of great importance to the US economy. Economists had, on average, anticipated a slightly stronger sales decline of 0.3 percent. In the previous month,...

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Retail's revolving door: Why fashion can't hold on to its workers

Around 2.4 percent of UK workers change jobs in an average month, according to new analysis from Indeed. That figure might sound modest. But buried inside it is a fault line that runs straight through the fashion industry. In retail, 82 percent of workers who switch jobs leave the sector entirely. In hospitality and tourism, which overlaps...

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