Macy’s to close 125 stores and axe 2,000 jobs

Macy’s to close 125 stores and axe 2,000 jobs

Retail giant Macy’s announced that it will close 125 stores and axe 2,000 jobs. This comes as the chain plans to exit weaker shopping malls and focus on opening smaller-format stores in strip malls. The company estimates the cuts will save it $1.5bn by 2022.

KCooper
KCooper
Grand Ol Propaganda
Grand Ol Propaganda 1 months

Strong economy!!! Tons of jobs created!!! MAGA!!!

Grand Ol Propaganda
Grand Ol Propaganda 1 months

MAGA!!!!

Top in Business
Get the App