U.S. Retailers Have Announced 55,755 Job Cuts Through August
Portfolio Pulse from Benzinga Newsdesk
According to a report by Challenger, Gray & Christmas cited by Reuters, U.S. retailers have announced 55,755 job cuts through August.
September 15, 2023 | 4:59 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The announcement of 55,755 job cuts in the U.S. retail sector could potentially impact the SPY ETF, which tracks the S&P 500 and includes several retail companies.
The job cuts in the retail sector indicate a potential downturn in the industry, which could negatively impact the performance of retail companies. As SPY ETF includes several retail companies, it could be affected by this news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70