Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Macy's to close 125 stores, shed 2,000 corporate jobs

 

February 5, 2020

Mark Lennihan – Associated Press

In this Nov. 21, 2013, file photo, with the Empire State building in the background, the Macy's logo is illuminated on the front of the department store in New York.

NEW YORK - Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping.

The store closures represent about one fifth of Macy's current total. They include about 30 that are in the process of closing and account for $1.4 billion in annual sales.

http://www.startribune.com/macy-s-to-close-125-stores-shed-2-000-corporate-jobs/567563372/


 

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