• Updated

The gains of the past three months have now restored retail purchases to their levels before they plunged in March and April when the pandemic shuttered businesses and paralyzed the economy. Yet with Americans' overall income now likely shrinking, economists expect spending to slow further.

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Local economists are labeling the job market “bleak” as local prospective employees wobble through the final month of a weak Grand Strand summer. Meanwhile, local business owners fight to hold onto their businesses, trying to figure out the best ways to stay open during what may be a reduced-capacity off season in the hopes of making it to spring 2021.

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Tailored Brands, the parent company of men's clothing retail shops Jos. A. Bank and Men's Wearhouse, is the latest in a string of national retailers to file for bankruptcy and announce store closures as the coronavirus pandemic continues to gnaw into merchants' bottom lines. Two Jos. A. Bank stores in the Charleston area are among those going dark.

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The mammoth project on 250 acres will require a $220 million investment, create 1,000 full-time jobs and increase by 5 percent the number of cargo containers that cross the local waterfront.

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