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Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.
Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online shopping era.
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
Regardless of the buyout, Macy’s future will likely look very different from now. Last week, it laid off over 2,300 workers, or 3.5% of its workforce — a sign that its holiday season and 2024 ...
Don Gillis (sportscaster) Donald A. Gillis (August 1, 1922 – April 23, 2008) [1] [2] was a Canadian-born American sportscaster who was sports director of Boston's Channel 5 ( WHDH-TV through March 18, 1972; thereafter WCVB-TV) from 1962 through 1983. Gillis pioneered the 11 p.m. sports report in Boston during his tenure at WHDH-TV, becoming ...
Macy's already announced layoffs, store closures in January. In January, Macy's announced 2,350 layoffs, 3.5% of its workforce, in January, the Wall Street Journal reported, citing a memo to ...
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Macy's is closing 150 stores nationwide as it seeks 'bold new chapter' with greater focus on luxury. Rob Wile and Erick Mendoza. Updated February 27, 2024 at 12:01 PM. Michael M. Santiago.