Category Archives: Layoffs

JCPenney is closing 130-140 Stores

jcpenney store closing

Published February 24, 2017  Fox Business

JCPenney on Friday said it will close 130 to 140 stores and close two distribution facilities in an effort to reinvent itself online, cut dead weight at underperforming physical locations, and better optimize its remaining bricks-and-mortar locations. Continue reading JCPenney is closing 130-140 Stores

Lowe’s to Cut Thousands of Store Workers, Shuffle Jobs

Lowes

Published January 12, 2017  Fox Business

Lowe’s Cos. is cutting thousands of workers and shuffling the jobs of thousands more, according to people familiar with the matter, as the home-improvement retailer tries to adapt to shifting shopping habits. Continue reading Lowe’s to Cut Thousands of Store Workers, Shuffle Jobs