There is no doubt that many retailers have tried to keep their associates on the payroll. These employees worked well as a team, knew the culture of their company, and had loyal customers who returned to them for service and advice.
But during the Covid-19 pandemic, things have changed and most recently companies like Macy’s M -5.2%, Kohl’s KSS -5.3% and Neiman Marcus and others dismissed long-term associates who have been loyal team members for some time.