Macy’s announced its closing approximately 125 stores and cutting about 2,000 jobs, or about 9 percent of its national workforce on Feb. 4. The department store chain is downsizing as part of a three-year plan to boost successful stores and shed underperforming locations. Macy’s previously announced the closing of 30 stores in January, and the…
This article is only available to Business Times subscribers
Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
