Macy’s Is Closing 125 Stores And Cutting 2,000 Corporate Jobs
Macy’s announced on Tuesday that they are closing 125 stores and they are also cutting 2,000 corporate jobs. The stores that are being closed are their least productive stores and they are trying to reinvent its itself for online shopping. They are also testing a new smaller-store format that’s located at a strip center, instead of a mall. The closures represent about one fifth of Macy’s current total and there is no word on how many of those stores will be closed in the Tampa Bay area.
BREAKING: Macy’s to close 125 stores, sees $480 million in restructuring costs, to cut 2,000 corporate jobs https://t.co/iryNap5c0M
— CNBC Now (@CNBCnow) February 4, 2020
Kevin is a member of Tampa Bay‘s Hometown Morning Krewe on 995 QYK. He has been with the station for 25 years, is a Tampa native, and went to Jesuit High School and USF. Go Bulls!. He is passionate about all things Tampa Bay. Kevin writes articles on the ongoing road projects around the Tampa Bay area, awards that Tampa Bay cities and businesses have won and country music happenings around the Bay area. He is always doing many things with his wife and kids. He loves to read books and play video games in his spare time.
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