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.