Macy's to close 125 stores over next 3 years and slashing 2,000 jobs
Macy’s will close roughly 125 stores, a fifth of its locations, and is cutting about 2,000 positions over the next three years.The retailer said Tuesday that it will be eliminating 9% of its corporate and support positions. And after previously saying it would close 28 locations, it says it will now shutter nearly 100 more and concentrate top leadership roles in New York.The job cuts and store closures come as Macy’s sales continued to slide during the critical […]
