Macy's announces 5,000 job cuts, 7 new store closures
Downtown Macy's to close its doors
Macy's is planning 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for physical retail.
The retailer's cost reductions come after its holiday sales in stores open at least a year rose 1.1%.-- More...
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