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More than 2 million retail jobs disappeared in April, the latest in a series of bad news for the industry

  • The retail sector lost 2.1 million jobs in April, the US Bureau of Labor Statistics said on Friday.
  • The job losses were just the latest in a series of bad news for the industry, which saw several retailers file for bankruptcy this week.
  • Meat shortages continue to be a concern for restaurants and grocery stores.
  • Visit Business Insider's homepage for more stories.

This week proved to be an exceptionally difficult one for the already struggling retail industry.

2.1 million jobs were lost in the retail sector in April, the US Bureau of Labor Statistics said on Friday.

While stores and malls started to tentatively reopen in certain states, limits on capacity are putting pressure on margins and differing state regulations are causing confusion.

And, the industry saw the first of what could be many coronavirus-related bankruptcies in J. Crew and Neiman Marcus. Nordstrom additionally said it would close 16 stores for good.

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