Skip to content
Join our newsletter for news & blogs on-the-go. Subscribe Here!
FrankNez About FrankNez FrankNez

Financial News & Journalism

FrankNez About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
FrankNez About FrankNez FrankNez

Financial News & Journalism

FrankNez About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
News Flash
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
Gen Z And Millennials Are Now Choosing Stocks Over Houses
Major US Bank Is Now Closing 18 Branches This Summer
Major US Bank Is Now Closing 18 Branches This Summer
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
Home Depot Rival closes store after 87 years in business
A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Home/Banking News/Twelve Warehouse Facilities Now Announce Unexpected Layoffs
Market News Today - Twelve Warehouse Facilities Now Announce Unexpected Layoffs

Twelve Warehouse Facilities Now Announce Unexpected Layoffs

By Frank Nez
January 26, 2024
2

Twelve warehouse facilities now announce unexpected layoffs, and experts say more job cuts in the sector are to be expected.

The U.S. warehouse hiring boom continues to fade as companies shift their focus from expansion to efficiency within their supply chain networks, reports Supply Chain Dive.

In December, the number of warehousing and storage employees fell to 1.85 million workers, according to preliminary data from the Bureau of Labor Statistics.

That’s the lowest employment count in the sector since November of 2021.

The facts are, more layoffs are coming in the sector in 2024.

Several retail brands, e-commerce players and third-party logistics providers have already disclosed facility closures and job cuts starting this year, impacting over 2,800 employees tied to warehouse and distribution operations.

Below is a list of twelve warehouse facilities that have announced of unexpected layoffs:

  • Saks — 90 job cuts in Pennsylvania.
  • GXO — 472 job cuts in Ohio, Tennessee, and Georgia
  • Zulily — 274 job cuts in Ohio
  • Radial — 137 job cuts in Kentucky
  • DHL eCommerce — 120 job cuts in Maryland
  • Ahold eCommerce — 454 job cuts in New Jersey
  • Newell Brands — 190 job cuts in Ohio
  • Schenker, Inc. — 478 job cuts in Pennsylvania
  • GameStop Fulfillment Center — 155 job cuts in Pennsylvania
  • Fruit of the Loom — 119 job cuts in South Carolina
  • DHL Supply Chain — 191 job cuts in Illinois
  • Fanatics — 218 job cuts in Florida

Businesses are taking a closer look at their operations and assessing where they can increase efficiency while cutting expenses, leading to job cuts and adjustments to network footprints, Supply Chain Dive reports.

“They’re going through a whole consolidation of their manufacturing, they’re going through the consolidation of their 3PL, they’re using this time right now as an opportunity to restructure their network,” says Randal Kenworthy, senior partner of West Monroe’s Consumer and Industrial Products practice.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Furniture Company Now Lays Off 1,650 Employees

Other Economy News Today

Market News Today - Twelve Warehouse Facilities Now Announce Unexpected Layoffs.
Market News Today – Twelve Warehouse Facilities Now Announce Unexpected Layoffs.

A massive department store now closes for good in a major city, listing sales of up to 70% off, sources report.

One of the last remaining Sears is offering major discounts as it prepares to leave the greater New York City area behind, reports The-Sun.

The closure will leave just 12 Sears locations open nationwide, with only one in the Northeast.

Jersey City, New Jersey’s Newport Mall will lose the major retailer on March 3, an employee confirmed.

Once a titan of American shopping, the company peaked at over 4,000 locations in 2011. It was the world’s largest retailer at the time, The New York Post reported.

The company, bought by KMart in 2004, declared bankruptcy in 2018, by which point it had hundreds of stores.

With over a month left before the shutdown, closing sales of up to 70% are in full swing, reports The-Sun.

The closure was announced on Facebook earlier this month.

“Store Closing Sale going on now at your Jersey City Sears,” the post said simply.

“Stop in today for great bargains!”

The post included a photo of the department store, devoid of people, with signs advertising that “everything” is at least 25% to 75% off.

The post quickly got dozens of reactions.

“Oh god NO!” one customer replied.

Others were unsurprised, given the company’s rapid decline.

“Knew it was just a matter of time,” a user said. “Any Sears/KMarts still open in 2024 just flabbergasts me.”

Any fans of the company will have a long way to travel before they find another location. The next closest Sears is in Massachusetts, outside Boston.

The midwest already lost all of its Sears locations, according to data website Scrape Hero.

In addition to the one in Massachusetts, just four states still have Sears locations.

There are four stores in California, three in Florida, two in Washington, and one in Texas.

There is also one location remaining in Puerto Rico.

For more news and updates like this, opt-in for push notifications.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Market News Published Daily 📰

Market News Today - Twelve Warehouse Facilities Now Announce Unexpected Layoffs.
Market News Today – Twelve Warehouse Facilities Now Announce Unexpected Layoffs.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.

View Stock Portfolio

Recommended For You ✨

  • A Giant Company Now Announces Unexpected Layoffs in Virginia
  • SNAP Benefits Will Now Increase For The Year 2024
  • A US Bank is Now Denying Customers Access to Money
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • Florida Now Has Massive Departures As Hundreds of Thousands Leave
  • Wells Fargo is Now Freezing Bank Accounts in New Scandal


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

Follow Me
Other Articles
Market News Today - This Clothing Retailer Now Announces Unexpected Layoffs
Previous

This Clothing Retailer Now Announces Unexpected Layoffs

Market News Today - Pizza Chain With 100 Stores Now Makes Unexpected Closures
Next

Pizza Chain With 100 Stores Now Makes Unexpected Closures

2 Comments
  1. Frank Nez says:
    January 26, 2024 at 11:12 pm

    Leave your thoughts below.

    Log in to Reply
  2. Frank Nez says:
    January 26, 2024 at 11:12 pm

    For more news and updates like this, opt-in for push notifications.

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

NEW POSTS

  • Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
    Gen Z And Millennials Are Now Choosing Stocks Over Houses
  • Our Small Business Just Made $100,000 In Less Than 7 Months
    Our Small Business Just Made $100,000 In Less Than 7 Months
  • Wells Fargo Says It's Closing Another Major Branch
    Wells Fargo Says It’s Closing Another Major Branch
  • Major US Bank Is Now Closing 18 Branches This Summer
    Major US Bank Is Now Closing 18 Branches This Summer
  • Stop & Shop Store Closures
    A Massive Grocery Chain Is Now Closing Stores
Unlock your personal brand ebook

Trending Market News 📈

Market Manipulation News - Andrew Left

Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”

Frank Nez
By Frank Nez
June 8, 2026
Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025
Hedge Funds Are Now Throwing Each Other Under The Bus

Hedge Funds Are Now Throwing Each Other Under The Bus

Frank Nez
By Frank Nez
July 8, 2025
News - GameStop Short Seller Now Looks To Sway Criminal Charges

GameStop Short Seller Now Looks To Sway Criminal Charges

Frank Nez
By Frank Nez
July 8, 2025
World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

Financial Desk Team
By Financial Desk Team
July 6, 2025
News - S&P Report: The US Dollar Is Primed To Weaken Further

S&P Report: The US Dollar Is Primed To Weaken Further

Frank Nez
By Frank Nez
July 4, 2025

About

FrankNez is a leading journalism & independent media platform that thrives on community. Read the latest in U.S. Economy, Banking, Markets, and more.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • Gen Z And Millennials Are Now Choosing Stocks Over Houses
  • Our Small Business Just Made $100,000 In Less Than 7 Months
  • Wells Fargo Says It’s Closing Another Major Branch
  • Major US Bank Is Now Closing 18 Branches This Summer
  • A Massive Grocery Chain Is Now Closing Stores

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved.