Despite gloom at big chains, retail has solid holiday season
By Sarah Halzack, The Washington Post
Published: January 13, 2017, 4:27pm
Share:
In recent weeks, gloomy news has abounded about how the retail industry held up during the crucial holiday season: Macy’s saw its sales sink 2.7 percent and announced it will slash 10,000 jobs. Chains such as Kohl’s, J.C. Penney, Sears and Barnes & Noble also reported sales declines. Traffic to physical stores plunged 12.3
Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.
Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.