Macy's said it plans to streamline its management structure to reduce costs and to be faster in responding to changing customer expectations
Macy’s Inc. gave a mostly flat outlook for fiscal 2019 as the retailer said it would further streamline its management structure to reduce costs and be faster in responding to changing customer expectations.
The Cincinnati-based company said Tuesday it launched a multiyear productivity program to reinvest in the business. Starting this year, the company expects its restructuring efforts to generate annual savings of $100 million. An initial part of the plan calls for the company to reduce the complexity of its upper-management...
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