The Latest in Multichannel Retail Layoffs

Following Dismal Holiday Sales and the worsening economy, news of companies laying off workers just keeps coming. Here are just a few of the multichannel retailers that have announced job cuts.

  • Multititle mailer said on Jan. 29 it has cut 10% of its 4,000 full-time employees and that it will reduce its part-time workers.

  • According to published reports, religious products cataloger Christian Book Distributors in early February laid off 37 employees at its headquarters, or 7% of its workforce.

  • Unable to come out of Chapter 11, electronics retailer Circuit City in January said it is shutting down, which will put 30,000 people out of work.

  • Maintenance, repair and operations products marketer W.W. Grainger said on Feb. 11 that it will be cutting 300 to 400 jobs.

  • Home improvement products retailer Home Depot said Jan. 26 it will reduce 7,000 jobs by pulling the plug on its high-end EXPO business and cutting its support staff.

  • Department store chain Macy’s said Feb. 3 it is cutting 7,000 jobs in its stores, distribution centers and offices, or about 4% of its total workforce.

  • Luxury department store retailer Neiman Marcus Group announced Jan. 13 that it is cutting nearly 3% of its workforce, or about 375 jobs.

  • Smithsonian Catalogue eliminated six of its 10 positions in February and folded its catalog operations into the retail division.

  • Outdoor gear and apparel merchant Recreational Equipment Inc. (REI) said on Feb. 11 that it will cut 300 to 400 jobs.

  • Women’s apparel merchant The Talbots said Feb. 5 it will lay off about 370 workers and close 20 stores.

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