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Thousands of technology workers have hit the job market as a result of large-scale layoffs, making the job hunt more challenging.

Procter & Gamble reported a six percent decline in volume and a one percent drop in net sales in the last quarter after instituting price hikes of 10 percent on average on such brands as Gillette and Pampers.

Retail sales fell 1.1 in December following a revised decline of one percent in November, according to the Commerce Department. October’s sales were up 1.3 percent as many Americans began their holiday shopping early in 2022.

Party City Holdco and some of its U.S. business units have filed for Chapter 11 bankruptcy as part of a plan with creditors to reduce the company’s debt load. The retailer said it has made a deal for $150 million in debtor-in-possession financing from a noteholder group that holds more than 70 percent of its…

The Washington state Supreme Court has given its approval for Albertsons to distribute a special $4 billion dividend to shareholders as part of the grocery giant’s $25 billion merger with Kroger.

J. Crew has launched a resale program — J. Crew Always — that will offer second-hand clothing and vintage apparel online through jcrew.com and ThredUp. “Resale is still quite small for us, but ultimately the goal is to grow a circular business where you can extend the life of a product and it’s profitable and…

Luxury goods consumers are becoming younger and wealthier, according to a report from Bain & Co. Sales within the segment are expected to grow between three and eight percent this year on top of a 22 percent gain in 2022.

Wholesale prices in December were up 6.2 percent year-over-year, much lower than the 6.8 percent gain expected by economists and well below the 7.3 percent annual jump in November.

In a memo released this morning, Microsoft has confirmed plans to lay off around five percent of its workforce (roughly 10,000 people). The layoffs follow a cut of about one percent of Microsoft’s workforce in 2022.

Two emails from a fake Adidas account went out this week to fashion influencers and others announcing the appointment of a former factory worker and union organizer as co-CEO of the company and the launch of a “pre-worn” collection. The sportswear giant, which has been accused of ignoring working conditions in the factories that produce…