Employment Trends Index down in September
New York — The Conference Board Employment Trends Index decreased again in September, following a downward revision in August. The index now stands at 107.86, down from the revised figure of 108.23 in August. The September figure is 5.4% higher than a year ago.
“In September, the Employment Trends Index declined for the third time in four months, suggesting that employment growth will weaken further in the fourth quarter,” said Gad Levanon, director of Macroeconomic Research at The Conference Board. “The U.S. economy entered a soft patch in the spring and the result has been lackluster job growth, which is likely to continue through the first half of 2013.”
Zara Home launches U.S. e-commerce site
New York — Inditex’s home-décor concept Zara Home said Tuesday it is unveiling Zarahome.com in the U.S. on Tuesday.
The new e-commerce site will feature home textiles as well as select furniture, tableware, cutlery and decorative accessories.
Zara Home currently operates in 32 countries with more than 325 stores and offers e-commerce in 18 countries.
Barneys to close store in NorthPark Center, Dallas
New York — Barneys New York will close its 88,000-sq.-ft. store in NorthPark Center, Dallas. It will remain open until April 2013.
"After careful consideration, Barneys New York has exercised its contractual right to terminate the lease for its Dallas location prior to its expiration," said a spokeswoman.