Almost 170,000 retail workers lost their jobs this year after the collapse of major high street chains, according to data. "The problems of changed customer shopping habits, inflation, rising energy costs, rents and business rates have continued and forced many retailers to cut back even more strongly in 2024." 'Multi-hazard storm' to hit on New Year's Day Last man on …
2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …
London CNN Business — Even the best businesses in high-end retail aren’t insulated from the effects of the coronavirus pandemic. Selfridges, the only department store named best in the world four times, is shedding 14% of its workforce as it faces its “toughest year” because of the pandemic. The UK retailer, which was founded in 1908, said it was expecting …
