A person wears checkerboard Vans sneakers at New York Fashion Week on February 12, 2022.
A person wears checkerboard Vans.
  • Layoffs are hitting the retail sector, primarily impacting corporate employees.
  • Gap, J.Crew, Nordstrom, Walmart, and more have made job cuts since the start of the year.
  • Still, some retailers are trying to avoid laying off store employees as the "labor hoarding" trend continues in 2023.

Since the start of 2023, major retailers ranging from department stores to direct-to-consumer brands have cut staff, the latest swing in a sector that's been hit hard by labor challenges and inflation.