Macy's has announced they will cut 5,000 jobs. They will also close seven previously unidentified stores and other cuts at remaining locations.
Net job cuts, including the closures and reductions at remaining locations bring the total job cuts to 5,000. The company also said the 'good" news is it would add jobs in certain locations to properly staff stores.
Liquidation sales are likely to begin Jan. 8 and continue for eight to 12 weeks.
Macy's will shutter seven locations it had previously not identified for closure:
Miami (Downtown), Miami
The Oaks, Gainesville, Fla.
Novato (Furniture), Novato, Calif.
Honey Creek Mall, Terre Haute, Ind.
Birchwood Mall, Fort Gratiot Township, Mich.
Fountain Place, Cincinnati
Burlington Town Center, Burlington, Vt.
The retailer also said Thursday it is moving ahead with four other store closures previously announced:
Laguna Hills Mall, Laguna Hills, Calif.
Westside Pavilion, Los Angeles
Stonestown Galleria, San Francisco
Magic Valley Mall, Twin Falls, Idaho
The moves are part of a plan announced in August 2016 to close 100 stores. Altogether, the company has now revealed 81 of the 100 locations.