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Reports: Hallmark to cut staff, eliminate party wares division
NEW YORK — Hallmark Cards will lay off up to 250 people and drop its party wares line as sales for the category decline, according to published reports.
The Kansas City Star reported that the layoffs equalled more than 7% of the company's 3,200 jobs in the Kansas City, Mo., area, out of about 12,000 employees worldwide.
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Survey: Leading retailers predict a 2.5% comp lift in holiday sales, expect season to be highly promotional
CHICAGO — Underwhelming fall sales and continued economic and federal budgetary concerns have U.S. retailers in a “wait and see” mode this holiday season, according to a recent BDO USA survey released Monday.