NRF: Industry added 37,000 jobs in July
Washington, D.C. — The National Retail Federation said the retail industry added 37,000 jobs in the month of July, with increases in general merchandise, food and beverage and building and garden supply stores.
“Contrary to the record increases on Wall Street, employment continues to be a lagging indicator of the recovering economy,” NRF chief economist Jack Kleinhenz said. “Despite the underwhelming and discouraging job gains in July, NRF expects the economy to pick up in the third and fourth quarters. The employment trend is positive, yet lackluster.”
The Bureau of Labor Statistics report showed that the economy added 162,000 jobs in July, which lowered the unemployment rate to 7.4%.
Taubman Prestige Outlets opens in St. Louis suburb
Chesterfield, Mo. — Taubman Centers announced the opening of Taubman Prestige Oulets, a new fashion outlet center, located in the western-St. Louis suburb of Chesterfield. The opening coincides with Missouri’s Tax-Free Weekend.
"We are pleased to open our first Taubman Prestige Outlet in the great state of Missouri," said Taubman chairman, president and CEO, Robert Taubman. "And opening on tax-free weekend is a great advantage for our retailers, providing them the ability to be open during the second-busiest shopping season of the year, and giving our shoppers even more savings," he said.
The open-air shopping center offers an appealing village style layout, dog-friendly hospitality, access to the Monarch Levee Trail, bike racks, and St. Louis themed children’s rides.
Guitar Center names communications chief
New York — Guitar Center has named Christopher Ian Bennett as the company’s first-ever VP communications and corporate affairs.
In his previous role, Bennett led Best Buy Canada’s corporate communications department under Mike Pratt, who is Guitar Center’s new CEO.
In his new role, Bennett will be responsible for the overall internal and external communications strategy of Guitar Center and affiliated brands, and will be charged with driving a clear and singular message.