Macy's Announces 5,000 Job Cuts and Store Closings

posted by Party Marty Mitchell -

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.


Comments

Party Marty Mitchell

Party Marty Mitchell

Want to know more about Party Marty Mitchell? Get their official bio, social pages & articles on Country 107.3 WRWD! Read more

title

Content Goes Here

This ad will close in X seconds.