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April 22, 2009

Wal-Mart China management restructuring hits snag

Wal-Mart Inc’s plan to eliminate jobs at its China unit has met with resistance from the up to 1,400 workers involved, the U.S. retailer said on Tuesday.

The company, which has 147 outlets in China and employs over 50,000, is removing a layer of management in its stores, leaving affected employees the option of taking a lower position with lower pay, said a company spokesman.

Wal-Mart is offering the employees the option of moving to a new store but for some people it is difficult to move. It is unknown how many people had accepted the company’s offer but a company spokesman said that negotiations had been going on for several months to find a solution.

Source: Reuters

March 27, 2009

Wal-Mart shuts down lab in Ohio cutting 650 jobs

According to AP, BusinessWeek: “Wal-Mart Stores Inc. announced Friday that it will shutter an optical lab in Ohio, cutting 650 jobs, as it looks to cut costs by fold its operations into facilities in Indiana and Arkansas.

The world’s largest retailer said in a statement that eyewear orders previously sent to the facility in Lockbourne, Ohio, will be dispersed to labs in Crawfordsville, Ind., Fayetteville, Ark., and Dallas.”

March 26, 2009

Amazon to Close Three Distribution Centers

Over the next two months, the online retailer, Amazon.com, will close 3 distribution centers: in Red Rock, Nev.; Munster, Ind.; and Chambersburg, Pa. The 210 employees in those three facilities were informed Wednesday. They will get severance packages and an opportunity to transfer to other Amazon shipping locations.

Source: The NY Times

March 19, 2009

AmericasMart lays off almost 10% of staff

Filed under: Retail,US — 7macaw @ 3:32 pm
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AmericasMart, the 7.7-million-square-foot retail and gift complex in downtown Atlanta, has laid off just under 10 percent of its staff of about 250.

Developed by Atlanta architect John Portman in 1962, the giant mart competes with facilities nationwide to host shows for apparel makers, brokers and retailers of home accessories, garden gear and gifts.

Source: Atlanta Journal-Constitution

February 26, 2009

Canada: Wal-Mart to close six Ontario Sam’s club locations

According to Reuters, CNBC: “Wal-Mart Stores Inc, Canada to close six Ontario Sam’s club locations to focus on supercentre expansion. Canada says decision will affect co’s 6 Sam’s club locations in Pickering, Vaughan, Richmondhill, London, Cambridge and Etobicoke. Canada says is in discussions with a major US retailer to purchase its interest in 5 of the Ontario Sam’s club locations”

~News submitted by upthecreek

February 19, 2009

Best Buy cuts 40 jobs at headquarters

According to AP, Forbes: “Best Buy Co. Inc. said Thursday that 250 workers at its corporate headquarters in suburban Minneapolis would lose their current jobs as the electronics chain pares its work force, though most might get new positions with the company.

The company hoped the displaced employees would fill 210 new jobs being posted by the retailer, for a net loss of 40 jobs.”

February 10, 2009

Wal-Mart cutting 700-800 jobs at its home offices

According to Reuters: “Wal-Mart Stores Inc (WMT.N) is cutting 700 to 800 jobs at its Wal-Mart and Sam’s Club home offices as the world’s largest retailer looks to realign its corporate structure and reduce costs.

The discount retailer, which has roughly 14,000 employees at its home office in Bentonville, Arkansas, is eliminating jobs in merchandising, real estate and marketing in its Wal-Mart U.S. division, while cutting merchandising positions at its Sam’s Club warehouse division.”

February 5, 2009

Pier 1 to cut staff, may close 125 stores

Filed under: Retail,US — 7macaw @ 10:36 am
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Pier 1 Imports plans to cut about 10 percent of the full time jobs at its Fort Worth, TX headquarters, distribution centers and field administration offices.

The company, which sells home furnishings and gifts, also plans to close a distribution center in Illinois, and it may close up to 125 “underperforming” stores. Pier 1 says it is negotiating with landlords to reduce rental expenses; “early termination” may be necessary if those discussions are unsuccessful.

Source: WFAA TV

February 4, 2009

Liz Claiborne To Layoff 8 Percent Of Workforce

Filed under: Retail,US — 7macaw @ 10:13 am
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Retailer Liz Claiborne announced Tuesday that it will eliminate 725 positions as part of a company-wide cost-cutting measure. That number makes up 8-percent of Claiborne’s US workforce, and affects all levels of the company. The cuts are expected to be completed by the end of the first quarter of 2009.

The layoffs come on top of the company’s previously announced closing of its distribution center in Mount Pocono, Pennsylvania and the suspension of merit pay increases for all employees.

Source: WCPO9

February 3, 2009

Borders cuts management positions to trim costs

According to Reuters, CNBC: “Struggling book seller Borders Group Inc said on Tuesday it was consolidating its corporate management structure at the vice president and director levels, eliminating six vice president and 10 director positions. Borders said it cut the position of executive vice president of U.S.”

~News submitted by upthecreek

February 2, 2009

Macy’s to cut 7,000 jobs, or 4 percent of work force

Filed under: Retail,US — DF @ 11:03 am
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According to AP, StarTribune: “Macy’s (NYSE:M) said it would eliminate about 7,000 positions from its workforce in offices, stores and other facilities. This total includes about 1,200 positions being added to new My Macy’s districts and regions.

In addition, merit salary increases for executives considered in spring 2009 for performance in 2008 are being eliminated across the company.”

“The latest job cuts, representing about 4 percent of its work force, will affect 40 percent of its executive positions, plus some 5,100 jobs in its roughly 850 stores. Further, the department store chain plans to cut raises and executive perks.”

  • The company employs about 180,000 people

Update 1 (02-02-2009):

  • No stores are expected to close. The company is reducing 401(k) plan contributions in 2009, according to BizJournals.
  • Macy’s Debt Could be Cut to Junk Bond, according to Business Week

~Please feel free to send us updates, comments regarding Macy’s layoffs

January 31, 2009

Sears lays off 300 corporate workers

According to Reuters, WSJ and CNBC: “Sears Holdings, which operates Kmart and Sears department stores, laid off 300 corporate jobs on Friday”.

“The layoffs represented about 4.3 percent of the company’s 6,900 corporate workers and will come out of the firm’s headquarters in Illinois as well as facilities in Michigan and New York city.”

~News submitted by upthecreek

January 29, 2009

Eddie Bauer to eliminate 193 positions

According to AP and CNBC: “Outdoor and lifestyle retailer Eddie Bauer Holdings Inc. said Thursday that it is eliminating 193 jobs. The company said the jobs represent roughly 15 percent of its non-retail staff.”

The cuts will be made at Eddie Bauer’s:

  • corporate headquarters in Seattle
  • information technology center in Chicago
  • distribution center in Columbus, Ohio
  • call center in Saint John, Canada

~News submitted by upthecreek

Bon-Ton Stores to cut 1150 jobs, take charge

Filed under: Retail,US — DF @ 11:20 am
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According to Reuters: “Apparel and home furnishings retailer Bon-Ton Stores Inc (NASDAQ:BONT) said it would cut about 1,150 jobs and eliminate 2008 bonuses for its senior executives in a bid to control costs amid a worsening economy.”
“The company, which operates the Bon-Ton, Elder-Beerman, Boston Store and Carson Pirie Scott chains, will also reduce capital spending to $40 million, net of landlord contributions.”

January 27, 2009

Target to Cut 9 percent of Headquarters Jobs, Shut Distribution Center

Filed under: Retail,Target,US — DF @ 4:50 pm
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Target Corp. (NYSE:TGT) will cut 600 existing jobs and 400 open positions (about 9 percent of it’s workforce), mainly in its headquarters in Minneapolis. It will also close its Little Rock, Arkansas, distribution center, which employs 500, later this year, Target said today in a statement.

Source: Bloomberg

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