The retail apocalypse is creating a 'rolling crisis' that is rippling through the US economy

[DFW]

34. My eldest daughter's job depends on retail in the States

She said things went from "OK" in the last quarter to "miserable" in the first quarter of this year. No one hit their target. In retail, no job is safe if numbers go south, and although she has been with her company (now Canadian-owned), a venerable American clothing store chain, for ten years, and is one of their more appreciated employees, if the word comes from Canada to downsize to stem the red ink, the decent (for NYC) salary she has finally worked her way up to could vanish in a puff of smoke tomorrow. If so, it will be indicative of the whole retail situation, and she won't find a new position quickly. She loves living in New York, and would hate to move, but if it means surviving, and she finds a job here, she'll move back to Germany. Luckily, both my daughters have retained their dual citizenship, so she can move back to Germany any time she wants, and as they are both fully bilingual, language won't be a problem in getting a job. On the other hand, she just acquired a new boyfriend in New York, and THAT might be more difficult to give up.