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Retail job losses mount, women impacted more than men

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”It’s not easy to keep a job as a retail worker, especially in the first two months of 2019. Retail store closures have been announced one after another, resulting in job losses.

” data-reactid=”15″>It’s not easy to keep a job as a retail worker, especially in the first two months of 2019. Retail store closures have been announced one after another, resulting in job losses.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”In January and February there were 41,201 job cut announcements in the retail industry, 92% higher than the same period last year and the highest level since 2009, a report from placement firm Challenger, Gray amp; Christmas shows.” data-reactid=”16″>In January and February there were 41,201 job cut announcements in the retail industry, 92% higher than the same period last year and the highest level since 2009, a report from placement firm Challenger, Gray Christmas shows.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”The layoffs are mainly a result of store closures. Retailers from Payless to;a href=https://finance.

yahoo.com/news/gap-is-splitting-into-two-companies-in-a-bid-to-finally-make-shareholders-happy-223221636.

htmlGap plan to shutter hundr of stores/a. At Payless alone, 16,000 store associates will be let go due to the shutdown of all its remaining 2,589 stores.

This week,;a href=https://finance.yahoo.

com/news/why-dollar-tree-should-be-ashamed-of-itself-163212721.htmlDollar Tree/a;said it will close 390 Family Dollar stores, without specifying how many employees will be affected.

” data-reactid=”17″>The layoffs are mainly a result of store closures. Retailers from Payless to Gap plan to shutter hundr of stores.

At Payless alone, 16,000 store associates will be let go due to the shutdown of all its remaining 2,589 stores. This week, Dollar Tree said it will close 390 Family Dollar stores, without specifying how many employees will be affected.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”The first quarter of every year, after the busy holiday shopping season, has always been the peak time for retail layoffs. “Companies that didn’t achieve what they wanted to do in December, they realized that they might have to make cuts and they start to announce this in January and February,” said Andrew Challenger, Vice President of Challenger, Gray amp; Christmas.

” data-reactid=”38″>The first quarter of every year, after the busy holiday shopping season, has always been the peak time for retail layoffs. “Companies that didn’t achieve what they wanted to do in December, they realized that they might have to make cuts and they start to announce this in January and February,” said Andrew Challenger, Vice President of Challenger, Gray Christmas.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Challenger sees the layoffs as a continued shift from brick-and-mortar retail to e-commerce. The lag in total retail growth makes the changing retail landscape a zero-sum game — e-commerce grows at the cost of the traditional retail industry.

UBS;a href=https://finance.yahoo.

com/news/ubs-80000-retail-stores-close-2025-144135475.htmlestimates/a;for each 1% increase in e-commerce penetration, an additional 9,000 stores would need to close.

And as fast-growing as the e-commerce industry is,;a href=https://finance.yahoo.

com/news/e-commerce-boom-wont-save-retail-jobs-144800665.htmlresearch by The Conference Board/a;finds that the growth in e-commerce jobs is not sufficient to make up for jobs lost in brick and mortar.

” data-reactid=”39″>Challenger sees the layoffs as a continued shift from brick-and-mortar retail to e-commerce. The lag in total retail growth makes the changing retail landscape a zero-sum game — e-commerce grows at the cost of the traditional retail industry.

UBS estimates for each 1% increase in e-commerce penetration, an additional 9,000 stores would need to close. And as fast-growing as the e-commerce industry is, research by The Conference Board finds that the growth in e-commerce jobs is not sufficient to make up for jobs lost in brick and mortar.

Women are hit hardest<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Women and men may not feel the same level of pain in the retail apocalypse. In the past year, women lost jobs in the industry overall while men had a net gain in retail jobs, according to the latest analysis from the Institute for Women’s Policy Research (IWPR) based on U.

S. Bureau of Labor Statistics data.

” data-reactid=”41″>Women and men may not feel the same level of pain in the retail apocalypse. In the past year, women lost jobs in the industry overall while men had a net gain in retail jobs, according to the latest analysis from the Institute for Women’s Policy Research (IWPR) based on U.

S. Bureau of Labor Statistics data.

<img style="max-width: 620px" src="http://www.ladyandwoman.

com/wp-content/plugins/OxaRss/images/a4e1c9256a704ee8c29d21dbfb5fcc1a_5c82b3db2400006f054b8e1d.jpeg” /><p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”One cause for the difference could be gender segregation in the industry, men and women tend to be concentrated in different types of retail jobs, according to IWPR.

In 2018, 73.8% of cashiers, one of the most common jobs in physical stores, were women.

While among truck drivers, a profession that is in high demand nowadays, only 6.6% were women, according to the U.

S. Bureau of Labor Statistics.

” data-reactid=”62″>One cause for the difference could be gender segregation in the industry, men and women tend to be concentrated in different types of retail jobs, according to IWPR. In 2018, 73.

8% of cashiers, one of the most common jobs in physical stores, were women. While among truck drivers, a profession that is in high demand nowadays, only 6.

6% were women, according to the U.S.

Bureau of Labor Statistics.

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”And men could be in a more advantageous position to capture the job growth in the e-commerce industry.

“The types of jobs that are going away are cashiers, salespeople, customer-facing roles,” said Challenger. “The jobs that are hiring for retail are back in the distribution and warehouses jobs, technical jobs have been traditionally been dominated by men.

”” data-reactid=”63″>And men could be in a more advantageous position to capture the job growth in the e-commerce industry. “The types of jobs that are going away are cashiers, salespeople, customer-facing roles,” said Challenger.

“The jobs that are hiring for retail are back in the distribution and warehouses jobs, technical jobs have been traditionally been dominated by men.”

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”emstrongKrystal Hu is a reporter at Yahoo Finance.

/strong/em” data-reactid=”64″>Krystal Hu is a reporter at Yahoo Finance.

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”strongRead more:/strong” data-reactid=”65″>Read more:

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”a href=https://picknroll.

media.yahoo.

com/insights/fa8ea65b-58b9-3a4c-b578-0818c4eaccac?property=allamp;region=allstrongChina’s e-commerce giants are trying to penetrate the U.S.

market/strong/a” data-reactid=”66″>China’s e-commerce giants are trying to penetrate the U.S.

market

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”a href=https://picknroll.media.

yahoo.com/insights/c9c4fc08-2352-3302-bd10-2b8d0c7f12f5?property=allamp;region=allstrongSome retailers are starting to feel the pinch from delayed tax refunds/strong/a” data-reactid=”67″>Some retailers are starting to feel the pinch from delayed tax refunds

<p class="canvas-atom canvas-text Mb(1.

0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”a href=https://finance.

yahoo.com/news/exclusive-amazon-eyes-closed-sears-stores-for-whole-foods-expansion-202005747.

htmlstrongAmazon eyes closed Sears stores for Whole Foods expansion/strong/a” data-reactid=”68″>Amazon eyes closed Sears stores for Whole Foods expansion

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