The Retail Apocalypse is in Full Swing: Retail Layoffs up 92% and Even Retail Giant Walmart is closing Stores
The Retail Apocalypse is in Full Swing: Retail Layoffs up 92% and Even Retail Giant Walmart is closing Stores
By Michael Snyder
Just like we witnessed during the last recession, major retailers are laying off tens of thousands of workers, and it looks like this will be the worst year for store closings in all of U.S. history. 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…
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