Macy’s to Cut 5000 Jobs
According to WILX-TV 10, Macy's is planning on cutting 5000 jobs and closing stores. They hope that these moves will help the company stabilize after losing money in a struggling retail environment.
Over ten locations are set to be closed this year, including the Macy's at Birchwood Mall in Fort Gratiot Township in Michigan.
The closures are part of a plan that was announced in August 2016 to close 100 stores nationwide. They are planning on liquidation sales that will begin around January 8 and continue for 8 to 12 weeks.