New Study Examines The Role Of Private Equity In Dismantling Retail Businesses
New Study Examines The Role Of Private Equity In Dismantling Retail Businesses
A new study shows that private equity firms have hastened the failure and liquidation of retail businesses. Host Scott Simon talks with its co-author, Maggie Corser.
...
A new study shows that private equity firms have hastened the failure and liquidation of retail businesses. Host Scott Simon talks with its co-author, Maggie Corser.
Listen to the story and read the transcript here.
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy...
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy and other groups. Add indirect job losses at retail suppliers like toymakers Mattel and Hasbro, and that’s another 728,000 jobs lost.
Read the full article here.
The workers bearing the brunt of retail’s struggles? Primarily women and people of color.
The workers bearing the brunt of retail’s struggles? Primarily women and people of color.
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of...
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of progressive nonprofit groups including United for Respect and the Center for Popular Democracy, have disproportionately affected women and people of color, who are more likely to work in the sectors most affected, including apparel and general merchandise.
Read the full article here.
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy...
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy and other groups. Add indirect job losses at retail suppliers like toymakers Mattel and Hasbro, and that’s another 728,000 jobs lost.
Read the full article here.
LBOs Make (More) Companies Go Bankrupt, Research Shows
LBOs Make (More) Companies Go Bankrupt, Research Shows
Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms...
Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms were directly and indirectly responsible for 1.3 million lost jobs.
Read the full article here.
Private equity owners have killed 600K retail jobs, report says
Private equity owners have killed 600K retail jobs, report says
Private equity-owned retailers have laid off nearly 600,000 workers over the past decade even as the industry as a whole added 1 million jobs, according to a new report from the Center for Popular...
Private equity-owned retailers have laid off nearly 600,000 workers over the past decade even as the industry as a whole added 1 million jobs, according to a new report from the Center for Popular Democracy, Private Equity Stakeholder Project and other groups.
Read the full article here.
The Finance 202: Trump, frustrated by Fed, could move to weaken the dollar
The Finance 202: Trump, frustrated by Fed, could move to weaken the dollar
Women and people of color have been disproportionately affected by the layoffs as debt-ridden retailers closed thousands of stores, according to the report by six progressive nonprofit...
Women and people of color have been disproportionately affected by the layoffs as debt-ridden retailers closed thousands of stores, according to the report by six progressive nonprofit organizations and workers’ advocacy groups, including Americans for Financial Reform and the Center for Popular Democracy.
Read the full article here.
American Gulags
“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria Archila, who, as co-executive director of the Center for Popular Democracy, is one...
“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria Archila, who, as co-executive director of the Center for Popular Democracy, is one of the campaign’s organizers.
Read the full article here.
Debt-ridden Retailers Shed Millions of Jobs
In the Workplace
The Washington Post’s Abha Bhattarai reports, citing a report released Wednesday by worker advocacy groups Americans for Financial Reform and the Center for Popular...
In the Workplace
The Washington Post’s Abha Bhattarai reports, citing a report released Wednesday by worker advocacy groups Americans for Financial Reform and the Center for Popular Democracy.
Read about it here.
Wall Street firms blamed for killing 1.3 million retail jobs
Wall Street firms blamed for killing 1.3 million retail jobs
Wall Street’s gamble on retail is responsible for the loss of more than 1.3 million jobs in total over the past decade -- an estimated 597,000 at retail companies owned by private equity firms and...
Wall Street’s gamble on retail is responsible for the loss of more than 1.3 million jobs in total over the past decade -- an estimated 597,000 at retail companies owned by private equity firms and hedge funds, and another 728,800 indirect losses, according to a report released Wednesday by the Center for Popular Democracy and the Private Equity Stakeholder Project…
Read the full article here.
1 month ago
14 hours ago