Retail Employment Slumps Most in a Year as Sears to Wal-Mart Cut

Retail Employment Slumps Most in a Year as Sears to Wal-Mart Cut

Victor J. Blue/Bloomberg

Wal-Mart Stores Inc., Sears Holdings Corp. and J.C. Penney Co. have reduced their workforces to cut costs and keep prices low at the same time that they work to fend off competition from online merchants such as Amazon.com Inc.