Tuesday, February 4, 2020

Macy’s to close 125 stores, cut 2,000 corporate jobs, in hunt for growth

CNBC
Macy’s will shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it shutters its tech offices in San Francisco and its Cincinnati headquarters, the company announced Tuesday afternoon.

The department store chain said it plans to exit weaker shopping malls, and instead will shift its focus toward opening smaller-format stores in strip centers.. . . more