Beleaguered retail giant Macy’s is planning to close over 100 of its stores, cut 2,000 jobs and test out a new strategy for future locations. The Cincinnati-based company intends to shutter 125 of its weakest locations over the next three years, its chief executive told the Wall Street Journal. The closures represent about a fifth of the troubled retailer’s portfolio and include the 30 store closures that were announced in January. Macy’s also will close
source https://therealdeal.com/2020/02/04/macys-to-close-125-stores-slash-2k-jobs/
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