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IPFS News Link • Business/ Commerce

Retail Layoffs Are 92 Percent Higher In 2019 " And Now Even Wal-Mart Is "Quietly Closing S

• http://theeconomiccollapseblog.com

Many are referring to this as "the retail apocalypse", and without a doubt this is one of the toughest stretches for retailers that we have ever seen.  But many believe that what we have witnessed so far is just the beginning.  After all, if retailers are struggling this much now, how bad will things be once the next recession really gets rolling?

Of course the truth is that things have been rocky for the retail industry for quite a few years, but the numbers are telling us that this crisis is really starting to accelerate.

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.


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