2009 Retail Industry Job Cuts: Top U.S. Retail Employee Layoffs and Unemployment

JOB CUTS PAGE ONE It is predicted that the U.S. Retail Industry will cut jobs and layoff employees in unprecedented numbers in 2009. In 2008, retailers eliminated more than 500,000 jobs, which is a notable 20% of the 2.6 million layoffs that occurred in the U.S. overall.

Job cuts, layoffs, and workforce reductions are expected to continue as the retail industry downsizes to match the slowdown in spending caused by the recession. This is an ongoing and comprehensive tally of the job cuts and layoffs that have been announced by the biggest U.S. retailers, and are scheduled to happen in 2009.

(This list was last updated 9-28-09.)

130,000  General Motors, announced 6-1-09

30,000  Circuit City, announced 1-16-09

10,915  KB Toys, announced 12-12-08

10,000  Blockbuster, announced 9-15-09

9,000    Goody's, announced 1-6-09

7,960    Macy's, announced 1-8-09 and 2-2-09

7,000    Home Depot (Expo), announced 1-26-09

7,000    Starbucks, announced 1-29-09

5,000    Gottschalks, announced 4-2-09

3,000    Avon, announced 2-19-09 (to be completed by 2013)

2,200    Office Depot, announced 12-12-08

2,200    Stock Building Supply, announced 7-09

2,000    Sportsman's Warehouse, announced 3-24-09

1,450    Wal-Mart, announced 2-10-09 and 3-28-09

1,400    Williams-Sonoma, announced 1-21-09

1,350    Basha's, announced 4-24-09

1,150    Bon-Ton, announced 1-30-09

1,140    Target, announced 1-27-09

1,100    Saks, Inc., announced 1-15-09

1,000    Walgreen, announced 1-7-09

1,000    Bose, announced 1-20-09

1,000    Finlay Enterprises, announced September 28, 2009

878       Borders, announced 2-19-09 and 3-5-09

850       Pier One, announced 2-3-09

700       Smith & Hawken, announced 7-10-09

540       Best Buy, announced 2-19-09 (includes 500 voluntary buyouts in January, 2009)

500      The Walking Company, announced 3-24-09

More job cuts and layoffs in 2009...

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