job cuts
H&M’s 30 Store Closures in Spain Seen Cutting 1,100 Jobs
H&M Group is planning to close 30 Spanish stores in a move that would eliminate roughly 1,100 jobs.
Topshop Parent to Close 31 Stores and Shed 700 Jobs
Arcadia's administrators plan to close 31 stores, which are temporarily shut due to the national lockdown…
Jaeger Cutting Jobs, Closing Stores After M&S Acquisition
The dismal news adds to many months of economic distress plaguing Britain's high streets.
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Express Cuts 10% of Corporate Jobs in Q3 Amid Sagging Sales
The retailer said steep declines in wear-to-work and occasion-based dressing accounted for the 34.1 percent…
Bankrupt Neiman Follows Ralph and Kohl’s in Slashing Jobs
The luxury retailer whittles down headcount as it preps to emerge from Chapter 11.
Brookfield Cuts 400 Jobs: Ominous Sign for Shopping Malls?
After collecting just 34% of Q2 rents, Brookfield downsized its retail division.
Ralph Lauren Sheds 3,600 Jobs in Corporate Reorganization
Ralph Lauren Corp. makes good on its CEO's promise to be leaner and more agile in a post-Covid-19 world.
Here’s Why US Retail Sales Growth Has Cooled—and Could Get Worse
Several factors are affecting what's going on with sales data and shopping trends across the U.S.
Job Cuts Hit Kohl’s as Retailer Slashes 15% of Corporate Roles
The retailer joins peers like Nordstrom, Macy's and J. C. Penney in whittling down its corporate workforce.
Under Armour Trims 600 Jobs
The Baltimore-based athletic giant reworked a previously announced restructuring to further reduce headcount…
As Victoria’s Secret Sales Fall 39% In Q2, L Brands Hopes for Early Holiday Start
L Brands has a "cautious outlook about our ability to manage our typical holiday volumes" as social…
Debenhams Cuts 2,500 More Jobs Amid Bankruptcy Blues
This year, Debenhams has cut 6,500 jobs, or approximately one-third of its total workforce, in an effort to…
After Reorg Impacts 1,000 Jobs, DSW Parent Adds Liquidity with New Debt
The company replaced its $400 million revolving credit facility with an equally sized, asset-based revolving…
L Brands Cuts 850 Jobs and $400M in Victoria’s Secret Costs
L Brands cuts 850 jobs and reduces costs at Victoria's Secret by $400 million, part of a plan to improve the…
Selfridges Cuts 450 Jobs in Another Blow to British Retail
Selfridges joins M&S, Harrods and John Lewis in downsizing staff as COVID-19 takes a heavy toll on the U.K…