Retail Sector Sees Fewer Job Cuts in June

The retail sector saw fewer announced job cuts in June than in May, signaling industry improvement, according to a new report from Challenger, Gray & Christmas. The retail sector announced 1,415 layoffs in June, compared to 2,944 in May. Moreover, the number of job cuts announced by retail employers for the first six months of the year dropped 12 percent to 23,027 from a year earlier.