-
Reports: Costco looks to develop e-commerce in China
New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.
The Southern Metropolis Daily, a newspaper based in the southern Chinese city of Guangzhou, reported Thursday that the Issaquah, Wash.-based club retailer was interested in entering the country's e-commerce market and was in the process of looking for local partners.
-
Report: Retail employment slumps most in a year
Washington, D.C. -- A report on Friday by the Labor Department showed that retail employment declined by 24,000 in March, the biggest slide since February 2012. The largest hiring slump occurred among clothing and accessories stores, which dropped 15,000, followed by a 10,000 decrease among building-material and garden suppliers.
Retailers have been slow to hire largely because of the concern over the 2% increase in payroll taxes and how the bump is impacting consumer spending.