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On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati -based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
Lazarus-Macy's logo (2003-2005) In 1994, Joseph Horne Co. , Pittsburgh, Pennsylvania , was acquired by Federated and its 10 locations absorbed by Lazarus. Lazarus moved into the 630,000 square feet (59,000 m 2 ) Horne's building for one year before building a new more modern location.
Lazarus-Macy’s became Macy’s in March 2005. In 2006, due to the Federated-May merger, the Kaufmann's store was renamed Macy's at Hayden Run. As of October 2006 there are two Macy's located at the mall, Macy's at Tuttle Crossing (the original Lazarus store) and Macy's at Hayden Run (the former Marshall Field's/Kaufmann's) until March 2017.
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 (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy. It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007.
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