Retail bankruptcies aren’t the only numbers approaching recession-era levels.
With store closures topping 6,000 for the year, the number of announced job cuts in retail has passed 60,000, according to research from outplacement firm Challenger, Gray & Christmas. The year’s retail job losses have already surpassed all other years but one since 2009, and 2017 is barely half over.
Most of the losses have come from the department store and apparel sectors, as well as other niche retailers. Macy’s alone has let go of 10,000 people, and J.C. Penney has laid off another 5,000, according to Challenger.The losses could continue as […]
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