Strictly Business

From Business Today:

The changing retail economy is taking a bite out of a venerable Buffalo business. Pitt Petri, the glamorous Delaware Avenue store for fine home furnishings and gifts, is reducing its size. The store has long been a favorite place for bridal gift registration. But a decline in the market and the rise of other retail competition has forced the 86-year-old store to retrench, cutting the store size by two-thirds. Owner Pitt Petri Jr. said the store will now focus on Buffalo-themed goods and baby products.

A couple of local companies have annouced substantial job cuts as a time when private sector hiring seems to be picking up. Northrup Grumman Amherst Systems plans to cut 120 jobs early next year, and Quad/Graphics, the former Quebecor, is cutting 95. Th end of the year is a painful, and not uncommon, time for job cuts.

Who has been getting hired, honored or promoted?