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The Independent UK
The Independent UK
World
Madeline Sherratt

Store closures lead to massive 274% spike in retail layoffs in first half of 2025

Retail JOANN CVS Macy Andrew Challenger Donald Trump United States Economy JCPenney

Store closures in the U.S. have led to a huge 274% spike in retail layoffs so far this year, a new report says.

In the first five months of 2025, retailers announced 75,082 job cuts compared to 20,276 during the same period the year before, according to business and executive coaching firm, Challenger, Gray & Christmas Inc.

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