- Macy's Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years to tackle slowing mall traffic and will slash more than 2,000 corporate jobs as a part of a cost-savings effort.
Macy's said it would close stores in"lower tier" malls, and explore new off-mall formats, as it looks to tackle plummeting mall traffic in the United States. "We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams," Chief Executive Officer Jeff Gennette said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macy's will close 125 stores in the next three yearsMacy's said Tuesday that it will close 125 stores over the next three years, nearly one fifth of the department store chain's total locations. Hate to hear this. But remember: the FuckingMORON says the economy is booming!!! Nooooooo! ❤️🏴
Source: CNN - 🏆 4. / 95 Read more »
Macy’s to close 125 department stores over the next three yearsThe legacy department store announced that it will also eliminate 2000 corporate jobs -- or 9% of its workforce -- and shut down its Cincinnati headquarters, moving all operations to New York. And liberals blame Trump,how ignorant can they be.
Source: NBCNews - 🏆 10. / 86 Read more »
Macy's to close 125 stores, cut more than 2,000 jobsMacy's Inc said on Tuesday it plans to close 125 of its least productive st... Excellent economy SOTU Is this the great economy potus is speaking of? As Amazon’s clothing orders are booming. What a boring way to shop.
Source: Reuters - 🏆 2. / 97 Read more »
Macy’s to Close 125 Department Stores, Exit Weakest MallsMacy’s plans to close 125 department stores over the next three years, an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls jackdorgan_ The times, they are a-changing. Internet shopping is the antithesis of commerce. It’s simply the most banal, artless method of consumption.
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Macy’s to Close 125 Department Stores, Exit Weakest MallsThe department-store operator is cutting back sharply in an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls. Economy really buzzing along. Sad that so many people will lose their jobs When you buy up 90% of department stores and put them under one brand, then don't innovate, it gets a bit unwieldy yes?
Source: WSJ - 🏆 98. / 63 Read more »
Macy's is closing 125 stores, cutting thousands of corporate jobs, and shuttering offices - Business InsiderThe store closings represent about one fifth of the retailer's locations. The company will also cut 2,000 corporate jobs. way to go chrissyteigen Thanks amazon What a booming economy we have. (sarcasm)
Source: BusinessInsider - 🏆 729. / 51 Read more »