X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

According to Business Insider, more than 6,000 retail stores closed in 2017. Some of the stores, including Toys “R” Us, Payless Shoes, Gymboree and Rue 21, filed for bankruptcy. Others, such as The Limited and Radio Shack, simply shut down. Even Walmart, which seemed to convey positive news by giving its employees raises in early 2018, also eliminated thousands of jobs by shutting down hundreds of Sam’s Club stores. Overall, retail was one of the biggest job losers in 2017—nationwide, retail employment fell by more than 36,000 jobs.

What accounts for this downward trend? Although many would quickly point to the convenience and ease of online shopping, we propose that there are other factors at work. Specifically, retail sector jobs, particularly retail sector jobs in New York state, are under threat from the aggregate effect of increasing government regulations.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.