Major Store Closures, Job Cuts Hit NJ In 2026

New Jersey has logged 8,507 layoffs through the first five months of 2026, a nearly 18 percent jump over the same stretch last year, with store closings, pharmaceutical cuts, and Samsung’s move of its U.S. headquarters to Texas all adding to the toll. Retailers like Carter’s, Eddie Bauer, and Francesca’s are shutting locations statewide, and three banks including TD Bank have closed or are closing New Jersey branches as well.