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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMacy's is closing roughly 125 stores. Here's list of first round of closings
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?
Rider3
(919 posts)I won't miss it.
Beaverhausen
(24,470 posts)I like Macys. Glad the ones near me are not closing.
Lisa0825
(14,487 posts)They have some high end lines and plenty of moderately-priced lines as well. And yes, they have great sales, too!
Green Line
(1,123 posts)redqueen
(115,103 posts)Been shopping their clearance racks for years. Incredible deals
New Breed Leader
(623 posts)book_worm
(15,951 posts)Wellstone ruled
(34,661 posts)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)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)I know I spent far less for Christmas than years past.