Macy’s plans to close 125 department stores over the next three years, an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls
Macy’s Inc. plans to close 125 department stores over the next three years, an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls.
The company is also cutting roughly 2,000 corporate jobs, or 10% of corporate and support staff, and closing several offices. It will abandon a dual headquarters in Cincinnati—a structure Macy’s has kept since 1994 when it was still one of the country’s biggest retailers—and put all headquarters roles in New York.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
WSJ News Exclusive | Macy’s to Close 125 Department Stores, Exit Weakest MallsThe department-store operator is cutting back sharply in an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls.
Baca lebih lajut »
Macy's to close 125 stores, cut more than 2,000 jobsMacy's Inc said on Tuesday it plans to close 125 of its least productive st...
Baca lebih lajut »
Macy's will close 125 stores in the next three yearsMacy's said Tuesday that it will close 125 stores over the next three years, nearly one fifth of the department store chain's total locations.
Baca lebih lajut »
IKEA's Coventry store to close in first UK shut downIKEA's British arm is to shut a loss-making store in Coventry, central Engl...
Baca lebih lajut »
Honda to close Wuhan plants until Feb. 13, no restart date setJapanese automaker Honda Motor Co plans to extend the closure period fo...
Baca lebih lajut »