The study of the interrelation between human capital accumulation, training and productivity has a long-standing tradition in economics (Becker, 1964). Among workers, on-the-job training is the building block of the human capital accumulation process. In fact, almost half of the human capital individuals accumulate in their lifetime is associated with investments and activities related to … Continue reading
The closure of some big names shops (think HMV) has been hogging the news for the last 15 months. But the truth is the shrinking of the retail workforce has been happening for 15 years now. From an economy wide perspective we might not worry – the reductions in retail jobs have easily been absorbed … Continue reading
After years of financial struggles, the Jacob retail chain announced Tuesday it is closing its 92 stores across Canada. “It’s a very sad day for retail in Quebec,” said analyst Terry Henderson of J.C. Williams Group. “Joey Basmaji was an icon,’’ he said of the founder of the family-owned fashion chain.Stores will remain open for … Continue reading
Over 1 in 10 US jobs is in retail trade. The notion that these workers are mostly young, lazy and unskilled is false Continue reading
Retail clerk is one of the most common jobs in Canada according to new data from the 2011 National Household Survey released Wednesday by Statistics Canada Continue reading
MORE than 850 retail jobs were announced today as stores hope for the busiest Christmas period in years. Some 650 of the positions were announced by two of the country’s top retailers Boots and Heatons. Boots Ireland will create 400 temporary full- and part-time positions in its Irish stores to cover the festive celebrations. “Customer … Continue reading
Carrefour, Europe’s biggest retailer, plans to take on 3,000 new employees in Spain in 2012 with the opening of new shops, a newspaper said on Friday, citing the head of the company’s Spanish activities, Rafael Arias-Salgado. Newspaper Cinco Dias said the group planned to add 70 to 75 supermarkets to its 180 Carrefour Market and … Continue reading
Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading
A deal was struck on Sunday to save British video games retailer GAME, which was taken into administration Monday, and preserve nearly 3,200 jobs. OpCapita, which specialises in turning around ailing High Street stores, has bought 333 shops for an undisclosed fee, administrators PricewaterhouseCoopers (PwC) said. It is believed the turn-around investment firm paid a … Continue reading
Two big home improvement chains are furiously hiring now to meet demand during spring, their busiest season. The jobs are temporary, but the companies say that the positions are often a foot in the door toward a full-time job for those who see retailing as a potential profession. “Seasonal employment is often a path to … Continue reading
Stocked up, as usual, for a hardy winter, Canadian Tire Corp. (CTC-T72.70—-%) chief executive officer Stephen Wetmore was left feeling “a bit like the person who is all dressed up and nowhere to go” when the snow didn’t show. “We were so well prepared across all our lines of business to meet a need that … Continue reading