Macy's And Wayfair Are Downsizing And Walmart Is Adjusting As Retail Readies For A Reset

Macy’s will layoff 3.5% of its employees, approximately 2,350 positions and shutter five stores.getty Following a year when retail grew 3.5% overall and November-December 2023 holiday sales were even more robust, advancing 3.8%, retailers are going into 2024 with wind in their sales.Yet, Macy’s, Wayfair W , and Walmart WMT are among the retailers announcing layoffs and store closings as these forward-looking retailers ready for a reset in 2024.Good News, Bad News“Consumer spending was remarkably resilient t ...