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Published: Wednesday, March 14, 2018 @ 10:41 AM
— The need for qualified employees hasn’t slackened and the best job prospects are in construction and durable goods manufacturing, a new quarterly survey found.
Among Dayton-area employers surveyed by Manpower Group, 22 percent plan to hire additional workers from April through June.
Five percent plan to reduce payrolls, while 73 percent of employers expect to maintain current staffing, the survey found.
That yields a “net employment outlook” of 17 percent — the percentage of employers who plan to cut staff subtracted from the percentage who plan to hire more workers.
Tom Maher, owner of the Kettering-based Manpower Group franchise, noted that in the last quarter, the first of the year, the net employment outlook was 12 percent.
And at this quarter last year, employers expected more hiring activity when the hiring outlook was 24 percent, he said.
For the coming quarter, the best prospects are in construction, durable goods manufacturing, nondurable goods manufacturing, transportation and utilities, wholesale and retail trade and other areas.
But employers in education and health services plan to cut staffing levels, while hiring in information is expected to remain unchanged, the survey found.
According to job numbers released last week, hiring is strong. The Ohio unemployment rate dropped in January to 4.7 percent, down from 4.9 percent in December.
Nationally, the unemployment rate stayed at 4.1 percent in February, but the U.S. experienced its biggest increase in jobs in more than 1.5 years with 313,000 jobs.
Of more than 11,500 employers Manpower surveyed across the country, 23 percent expect to hire and 3 percent expect a decline in their payrolls in the second quarter.
Seventy-three percent of employers anticipate no change to staff levels and the remaining 1 percent is undecided about their hiring plans.
The national net employment outlook is 18 percent, a slight decrease compared to the first quarter’s 19 percent.
Published: Tuesday, March 20, 2018 @ 10:19 AM
— As the country says farewell to a long, harsh winter for many, it's time to celebrate springtime with a free treat.
Rita's Italian Ice is once again giving away a free Italian ice on March 20 from noon to 9 p.m.
The promotion has grown in popularity over the years, with almost 1 million Italian ice cups given away in a nine-hour period in 2017, according to Rita's.
Published: Tuesday, March 20, 2018 @ 7:19 AM
— Macy’s Inc. is introducing mobile checkout services at most of its store locations.
Macy’s CEO Jeff Gennette told an audience at the Bank of America Merrill Lynch Global Consumer & Retail Technology Conference in New York earlier this month that the retailer plans to test mobile checkout at about 450 of its 650 stores.
» CONTINUED COVERAGE: Macy’s outlet store to open at shopping center in Dayton area
Customers can use their smartphone app to scan items throughout the store. Then, the shoppers use the express checkout lane where employees will verify their purchases and remove security tags. It is unclear when the roll-out of the new technology will occur.
Macy’s has several store locations in the region. Macy’s is renovating one of its existing stores in the Dayton area to add an outlet store, according to a permit submitted to the Montgomery County Building Regulations Division.
» CONTINUED COVERAGE: Macy’s ‘fine-tuning’ staffing at some stores
Macy’s submitted a permit for a partial remodel of its existing Macy’s department store located at 2700 Miamisburg Centerville Road at the Dayton Mall. The estimated market value of the completed project is $75,000. The permit indicates the project is a partial building alteration to make space for a 1,300-square-foot Macy’s Backstage outlet.
»MUST-READ RETAIL NEWS: Will Macy’s become a discount store? Retailer shares grim sales report
The department store chain has invested in its off-price concept, called Macy’s Backstage. The company added 11 new Backstage stores within existing Macy’s stores in the first quarter of 2017. The stores, similar to Nordstrom Rack, offer discounted prices on brand clothing up to 80 percent off.
In January, the company announced the closure of 11 Macy’s stores — including one in downtown Cincinnati. It’s part of the retailer’s plan to close approximately 100 stores, which was announced back in August 2016.
FIVE FAST BUSINESS READS
Published: Tuesday, March 20, 2018 @ 8:05 AM
As retailers like Claire’s Stores and Toys ‘R’ Us file for bankruptcy, local experts say “specialty stores that don’t play up the experience of shopping are having a hard time competing with online retailers.”
Claire’s Stores, a fashion accessories chain, filed for bankruptcy this week. The retailer and its affiliates have filed for bankruptcy in United States Bankruptcy Court for the District of Delaware. The move could help with Claire’s $2 billion debt load. “Claire’s is growing, not shrinking, its business. The company expects its concessions business to grow by more than 4,000 stores in 2018,” the company said in a statement.
» TRENDING BUSINESS NEWS: Macy’s rolling out new mobile checkout at most store locations
Claire’s isn’t the only retailer to file bankruptcy recently. Toys ‘R’ Us also filed for bankruptcy and plans to liquidate all of its stores in the U.S. Toys ‘R’ Us Inc. voluntarily filed for relief under Chapter 11 in September 2017. The retailer was $5 billion in debt as of April 29. At the time of bankruptcy, the company said it would close about one-fifth of its store locations. Closing sales are expected to conclude in April.
Randy Sparks, marketing professor at the University of Dayton, said Claire’s closure is indicative of a larger trend happening with specialty stores. If consumers can buy items online, then they will, he said.
“For products that consumers feel pretty comfortable buying without trying that they feel a good deal of familiarity with the online experience is fine because convenience tends to trump everything,” he said. “What people want is they want their time to be filled with experiences and if shopping isn’t an experience then they don’t shop. They’ll just sit online and do it in a very utilitarian kind of fashion.”
» Will more stores close in 2018? No comeback for traditional retailers
More than 12,000 stores are expected to close in 2018 — up from roughly 9,000 in 2017, according to Cushman & Wakefield, a marketing and data analysis firm.
“I think the early part of next year will be pretty bad … I think it will be tough,” Charlie O’Shea, Moody’s lead retail analyst, said.
The retail industry, which supports one in four American jobs, is undergoing major changes as consumers shift their focus to online shopping. Dozens of retailers filed for bankruptcy in 2017, and thousands of store locations closed across the U.S.
» RELATED: Toys ‘R’ Us to close all U.S. locations
For some younger consumers, malls have lost their appeal as the primary destination for shopping. Brooke Larney, a fourth-year finance student at the University of Dayton, said she hasn’t shopped in a store like Claire’s since middle school.
“I think we just need to move away from the brick and mortar stores and especially with amazon just taking over,” she said. “I never go to malls. I kind of just go online for anything I need and it delivers in two days.”
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Published: Monday, March 19, 2018 @ 10:07 AM
— Claire’s Stores Inc., a fashion accessories chain, has filed for bankruptcy.
The retailer and its affiliates have filed bankruptcy in United States Bankruptcy Court for the District of Delaware. The move could help with Claire’s $2 billion debt load. “Claire’s is growing, not shrinking, its business. The company expects its concessions business to grow by more than 4,000 stores in 2018,” the company said in a statement.
» TRENDING BUSINESS NEWS: Toys ‘R’ Us reportedly preparing to close all stores
Apollo paid more than $3 billion to acquire Claire’s from Rowland Schaefer, and began expanding the business — adding about 350 stores between 2010 and 2013. Claire’s expects to reduce debt by about $1.9 billion, after reaching an agreement with creditors including Elliott Management Corp. and Monarch Alternative Capital, which will give the company some $575 million in new capital.
Claire’s has locations at The Greene Town Center, the Dayton Mall, the Mall at Fairfield Commons, Upper Valley Mall in Springfield and the Cincinnati Premium Outlets in Monroe.
» BUSINESS NEWS: Jewelry store company expects to close 200 stores
Claire’s isn’t the only retailer to file bankruptcy. Toys ‘R’ Us also filed for bankruptcy and plans to liquidate all of its stores in the U.S., including its locations in Miami Twp. and Beavercreek. Toys ‘R’ Us, Inc. voluntarily filed for relief under Chapter 11, in September 2017. Toys R Us was $5 billion in debt, as of April 29. At the time of bankruptcy, the company said it would close about one-fifth of its store locations. Closing sales are expected to conclude in April.
FIVE FAST BUSINESS READS