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Posted November 15, 2012 by

Retail Workers, Consumers Upset With Thanksgiving Day Hours

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Facing increased competition from online retailers, a growing number of brick-and-mortar stores, including Target, Sears and Walmart, have announced that they will begin Black Friday sales on the Thursday of Thanksgiving, with some stores opening as early as 8pm, a time many employees might otherwise spend with family.  The move, according to one workplace authority, is likely to pay off for both retailers and job seekers, but warns there is the risk of negative fallout in the form of decreased employee morale and consumer backlash.

“Retailers are under immense pressure to get the holiday shopping season off to a strong start.  It is the busiest time of the year for them and Black Friday is so named because it is the day when most retailers’ sales move ‘into the black’ for the year.  As big box chains face growing competition from discounters like Target and Walmart, not to mention the fierce competition from online retailers like Amazon.com, they are all compelled to find whatever edge they can to get shoppers into their stores,” said John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas, Inc. (more…)

Posted August 28, 2012 by

Of all workers laid off from 2009 to 2011, just 56.9% had jobs as of January 2012

John Challenger of Challenger, Gray & ChristmasLabor Day kicks off what is typically a more volatile employment environment, as companies adjust payrolls to align with year-end goals and plans for the coming year.  This makes it the ideal time for workers and job seekers alike to reboot their efforts to find or keep a job, according to the workplace authorities at global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.

“For many companies, business activity declines during the summer months, as sales slow and key decision makers take off for vacations.  The pace tends to quicken as the year comes to a close as companies scramble to hit earnings goals and establish objectives for the new year.  As a result, it is not unusual to see a flurry of employment changes in the final four months of the year,” said John A. Challenger, chief executive officer of global outplacement consultancy Challenger, Gray & Christmas, Inc.

Following the worst economic meltdown since the Great Depression, it should come as no surprise that this has been one of the worst recoveries.  That point was recently driven home by two reports confirming just how weak this recovery has been. (more…)