Business

Retail Sector Sheds More Jobs Than Usual as Industry Adjusts to Uncertain Future

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Retail Sector Sheds More Jobs Than Usual as Industry Adjusts to Uncertain Future
Shoppers enter a Forever 21 fashion retail store at the King of Prussia mall in King of Prussia, Pa., on Sept. 30, 2019. Mark Makela/File/Reuters
Wesley Brown
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As mass merchandisers, warehouse clubs, department stores, and other apparel retailers adapt to the uncertain road ahead, a recently released industry report shows the sector is shedding more jobs than usual after the holiday season.

According to global outplacement and business and executive coaching firm Challenger, Gray & Christmas, U.S.-based employers announced 172,017 job cuts in February, the highest monthly total since 2009, when 186,350 job cuts were recorded. It is also the highest monthly total since July 2020, when 262,649 cuts were announced.
Wesley Brown
Wesley Brown
Author
Wesley Brown is a long-time business and public policy reporter based in Arkansas. He has written for many print and digital publications across the country.