Macy's Store Closures Partially Responsible for 274% Increase in Retail Layoffs, According to a New Report - RetailWire

Macy's Store Closures Partially Responsible for 274% Increase in Retail Layoffs, According to a New Report - RetailWire

Macy’s store closures were part of the reason for the recent round of retail layoffs, according to a new Challenger, Gray & Christmas analysis published by Fox Business. The report paints a grim picture for U.S. workers: Employers announced roughly 696,000 job cuts between January and May 2025—an 80% jump from the same stretch last year. Retail has borne a disproportionate share of that pain. Nearly 76,000 retail positions were eliminated in the…

Macy’s Store Closures Partially Responsible for 274% Increase in Retail Layoffs, According to a New Report – RetailWit

Macy’s store closures were part of the reason for the recent round of retail layoffs, according to a new Challenger, Gray & Christmas analysis published by Fox Business. The report paints a grim picture for U.S. workers: Employers announced roughly 696,000 job cuts between January and May 2025—an 80% jump from the same stretch last year. Retail has borne a disproportionate share of that pain. Nearly 76,000 retail positions were eliminated in the…