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Top related persons:
Christopher Wimer - 1 “ It’s - 1 Wimer - 1 “ we’re - 1 James Parrott - 1 Parrott - 1 Charles Lutvak - 1 “ - 1
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New York New York City
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Poverty - 1 Columbia University - 1 Center - 1 New York City Affairs - 1 New - 1

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3 mentions found


☆ 1 in 4 New York City Children Now Lives in Poverty
  + stars: | 2024-02-21 | by ( Stefanos Chen | ) www.nytimes.com   time to read: +2 min
It differs from the U.S. census’s official poverty measure, which only counts cash resources, but the supplemental measure is also widely used by government. In 2022, under the supplemental measure, a family of New York City renters with two children was considered below the poverty line if it made less than about $44,000. Why It Matters: The City’s Economic Recovery Is UnevenThe rise in poverty underscores wide disparities in New York. A major reason for the disparities is the lopsided jobs recovery, said James Parrott, the director of economic and fiscal policy at the Center for New York City Affairs at the New School. The median household income in New York City is about $75,000.
Persons: Christopher Wimer, “ It’s, Wimer, “ we’re, James Parrott, Parrott, Charles Lutvak, “ Organizations: Poverty, Columbia University, Center, New York City Affairs, New Locations: New York, New York City
☆ Why Walmart is closing half its stores in Chicago
  + stars: | 2023-04-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
Walmart announced Tuesday that next week it will close four poor-performing stores out of the eight it operates in Chicago. Now, it's closing four Chicago stores. Walmart said its remaining four Chicago stores “continue to face the same business difficulties,” but it believes closing these four will give the others the best chance of staying open. There were fears that Walmart and other businesses would leave Chicago, but Walmart pledged to stay and invest in the city. Some retailers have also cited higher levels of theft and other crime in their city stores.
☆ Stores say shoplifting is a national crisis. The numbers don’t back it up
  + stars: | 2023-01-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +7 min
Videos of brazen shoplifting incidents, like this one posted to social media in 2021, have turned retail theft into a national issue. The metric incorporates inventory losses caused by external theft, including organized retail crime, employee theft, human errors, vendor fraud, damaged or mismarked items and other losses. Whatever the numbers say, though, retailers maintain that organized retail crime has gotten worse. Organized retail crime typically refers to large-scale retail theft and fraud by groups of professional shoplifters who conspire to steal and resell stolen merchandise. The NRF estimates that organized retail crime costs companies an average of just 7 cents for every $100 in sales.
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