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redqueen

(115,103 posts)
Wed Feb 5, 2020, 03:19 PM Feb 2020

Macy's is closing roughly 125 stores. Here's list of first round of closings

Macy’s will close roughly 125 stores, a fifth of its locations, over the next three years.

After previously announcing that it would close 298 locations, Macy's said Tuesday that it will now shutter nearly 100 more.

The retailer also said that it is cutting about 2,000 positions, eliminating 9% of its corporate and support positions.


“We are making deep cuts that impact every area of our business,'' Macy's CEO Jeff Gennette said Wednesday during the retailer's Investors Day. "These changes are painful but they are necessary.''

Macy's, once the model of the luxury department store, has struggled to stay afloat during a time when Amazon has remade the shopping landscape and one time retail giants like Payless and Toys R Us are going out of business.
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https://amp.desmoinesregister.com/amp/4665130002?
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Macy's is closing roughly 125 stores. Here's list of first round of closings (Original Post) redqueen Feb 2020 OP
So overpriced Rider3 Feb 2020 #1
They are having amazing sales these days, I assume to keep afloat Beaverhausen Feb 2020 #2
Macy's is my favorite clothing store. Lisa0825 Feb 2020 #5
It's my favorite too, but I mostly buy online Green Line Feb 2020 #7
They've always had amazing sales! redqueen Feb 2020 #8
Downtown DC on the list? New Breed Leader Feb 2020 #3
One day there may not be a "Macy's Thanksgiving Day Parade" book_worm Feb 2020 #4
:( redqueen Feb 2020 #9
When you have a CEO who Wellstone ruled Feb 2020 #6
I see from the list that the one closest to me is closing. I'm not too Tanuki Feb 2020 #10
This awesome economy is just not hitting most people's pocketbooks redqueen Feb 2020 #11

Beaverhausen

(24,470 posts)
2. They are having amazing sales these days, I assume to keep afloat
Wed Feb 5, 2020, 03:28 PM
Feb 2020

I like Macys. Glad the ones near me are not closing.

Lisa0825

(14,487 posts)
5. Macy's is my favorite clothing store.
Wed Feb 5, 2020, 03:30 PM
Feb 2020

They have some high end lines and plenty of moderately-priced lines as well. And yes, they have great sales, too!

 

Wellstone ruled

(34,661 posts)
6. When you have a CEO who
Wed Feb 5, 2020, 03:50 PM
Feb 2020

treats his employees like total crap,well,look no further than Sears. When Federated cobbled together some eight or ten major Retailers,it was all about working the Tax Code.

Tanuki

(14,918 posts)
10. I see from the list that the one closest to me is closing. I'm not too
Wed Feb 5, 2020, 04:10 PM
Feb 2020

surprised. I was there on the Saturday before Christmas, and there were very few customers on what I thought would have been a busy shopping day. I thought at the time that if that was how empty it was during the holiday rush, they couldn't stay afloat. Sorry to see stores closing and employees losing their jobs.

redqueen

(115,103 posts)
11. This awesome economy is just not hitting most people's pocketbooks
Wed Feb 5, 2020, 04:12 PM
Feb 2020

I know I spent far less for Christmas than years past.

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