AP Photo/Jenny Kane
Nearly 1,800 retail employees were laid off at four major companies this week, signaling ongoing strife for the industry even as the US unemployment rate reached a 50-year low in 2019.
While layoffs at Barneys and Kohl's reflect ongoing challenges for the traditional retail market, woes at Wayfair and Jet Black point to the dangers of e-commerce brands that grow too much, too fast.
We took a closer look at this week's rash of layoffs as the retail apocalypse...
Read this story at Business Insider