Retail Layoffs Are 92 Percent Higher In 2019 – And Now Even Wal-Mart Is “Quietly Closing Stores”

Retail Layoffs Are 92 Percent Higher In 2019 – And Now Even Wal-Mart Is “Quietly Closing Stores”

According to Challenger, Gray & Christmas, retail layoffs were up a whopping 92 percent in January and February compared to the same period a year ago.  The following comes from NBC News…

More than 41,000 people have lost their jobs in the retail industry so far this year — a 92 percent spike in layoffs since the same time last year, according to a new report.

And the layoffs continue to mount, with JCPenney announcing this week it would be closing 18 stores in addition to three previously announced closures, as part of a “standard annual review.”

via EconomicCollapseblog Retail Layoffs Are 92 Percent Higher In 2019 – And Now Even Wal-Mart Is “Quietly Closing Stores”