British shoppers bought 15.9% fewer clothes in August than in February, according to new data published Friday.
Marc Ostwald, chief economist at ADM Investor Services, said that while this suggests a "robust recovery in consumer spending" on the surface, this is "deceptive," and retail job cuts will continue.British shoppers have drastically cut back on clothes purchases since February, making clothing the worst-hit retail sector during the pandemic, according to figures released on Friday by theClothes sales in August were 15.
Marc Ostwald, chief economist at ADM Investor Services, said that this suggests a "robust recovery in consumer spending" on the surface — but the figures are "deceptive," he said. Sales in bricks-and-mortar stores have plummeted, and "considerable further job losses" will follow, he added.
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OpenLearning=ASX$OLL Main website to start your own Educated research❤
The potential of online learning for adults: Early lessons from the COVID-19 crisis
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Motley fool article on OpenLearning=ASX$OLL🚀
For every 10,000 workers employed earning a min $20 equalvates to 700 million a year..rough estimate of coarse..✈️
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US weekly jobless claims decline to 860,000 amid signs of economic recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is not economic recovery lmao wtf. I read that as 860k NEW people lost their jobs again this week. Motley fool article on OpenLearning=ASX$OLL🚀 Look at the current chart's for OpenLearning=ASX$OLL 🤔OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Economic recovery trackers stumble as Labor Day boost fades and demand wavers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Trump admits TikTok can't legally pay US government as part of sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I believe the correct position is to be against Facebook's buying Instagram on antitrust -AND- to be against Tiktok operating in USA when China blocks all our our apps. I am a democrat. Both issues have nothing to do with Trump Well duh, we aren’t some sort of communist country after all, not yet anyway. Trump wants a payoff!!!
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Startups Amazon is backing with its $2 billion climate fund - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Joe Biden told to stop 'lecturing' UK's Boris Johnson over Brexit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Politicsinsider Joe Biden supporting a statement from US politicians that justified IRA murders for decades doesn't give the impression of someone that has a handle of international relations. When it comes to Biden you should do the opposite thing of what he suggests. Fuck boris johnson, he's totally screwed the UK!!!
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