Retailers Slash Headcounts

摘要

Like Macy's Inc., other retailers facing the economic crisis and an uncertain 2009 have made a range of cost-cutting and streamlining moves in recent days - especially in the area of payroll reduction.rnIn the last two weeks, merchants said they have already or will soon:rn1. Cut 1,500 associates andrnclose a distribution center -Target;rn2. Cut 300 HQ positions -Sears Holdings;rn3. Cut 1,150 jobs and reduce capital expenditure - Bon-Ton;rn4. Cut 18% of HQ and support staff, exit 8 markets - Cost Plus;rn5. Cut 10% of non-store staff, review 125 leases - Pier 1;rn6. Cut 9% of non-store staff, cut cap ex by 45% - Hancock Fabrics.