Us Physical Retail Industry Will Smash 30 Thousand Jobs

So far, the United States

Giant Messi general store said: it will consider abolish tens of thousands of employees.

Chain supermarket giant WAL-MART group also said it will close more stores, which means those workers will lose their jobs. Nord's department store says it will lay off as many as 400 people to match its business model.

Credit Suisse analysts say the US retail industry expects to cut 24 thousand people in 2016, the highest level since 2010.

According to the data, even worse, in 2016, the retail industry laid off more than 37000 people.

But some analysts believe that this prediction is still too conservative, because a large number of retailers recently filed for bankruptcy.

According to Bloomberg report, in 2010, the whole

30273 people in the retail industry were laid off.

Between 2011 and 2015, much less.

Credit Suisse said: layoffs are a normal phenomenon, a typical cyclical recession.

Retailer layoffs are usually caused by profit pressure and slow sales.

In the current situation, traditional retail stores are also influenced by consumers' shift to e-commerce.

So far, Messi, a US Department Store giant, said it would consider cutting thousands of employees.

Chain supermarket giant WAL-MART group also said it will close more stores, which means those workers will lose their jobs. Nord's department store says it will lay off as many as 400 people to match its business model.

"So far this year, most of the layoffs have been employees' stores, because retailers have closed lots of stores or tried to reduce the number of employees and shops."

Credit Suisse wrote, "these layoffs are clearly aimed at coping.

Because of the rise of e-commerce, physical sales have been lost, and the increase in wages has also led to higher costs.

Real estate research estimates that 800 stores in the United States will be closed within the year, which is about 1/5 of American shopping centers.

Credit Suisse said, "the total cost of these companies is related to the labor force, and retailers will use other means to reduce their costs."

Sears holdings last Thursday said it would close 68 kemat and 10 Sears stores.

Eligible workers will receive severance payment and have the opportunity to apply for other vacancies.