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Macy´s cutting 2,500 jobs,
closing stores to cut costs

Chicago Tribune, by Staff

Original Article

Posted By:NorthernDog, 1/8/2014 7:33:54 PM

Macy´s said Wednesday it plans to lay off about 2,500 employees and close some stores as part of a cost reduction plan. The retailer said it will combine its Midwest and North regions and reallocate within its regional divisions to streamline its operations. It is cutting front-end employees at some stores, although it did not specify where or how many. It will also reduce staff behind the scenes, including some merchandise planning positions and central office roles. Beyond the 2,500 that are expected to be laid off, other associates will be given extra duties or transferred, Macy´s said. Some open

      


Post Reply  

Reply 1 - Posted by: Dante, 1/8/2014 7:38:58 PM     (No. 9685056)

More evidence of the middle class being eliminated by Zero the Agitator-in-Chief.

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Reply 2 - Posted by: Ribicon, 1/8/2014 8:50:47 PM     (No. 9685134)

Some huge fraction of the US economy (some 85% or more?) is based on consumer spending. All signs show belt-tightening, with Kenyacare not even around our throats, but wow, the economy´s never been in better shape, etc.

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Reply 3 - Posted by: Jubilationtcornpone, 1/8/2014 10:28:43 PM     (No. 9685243)

If you like your 800-thread-count Egyptian cotton sheets, you can keep your 800-thread-count Egyptian cotton sheets.

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Reply 4 - Posted by: Gram77, 1/8/2014 10:33:08 PM     (No. 9685245)

This does not surprise me. The Macy´s where I sometimes shop is never busy.

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Reply 5 - Posted by: ColonialAmerican1623, 1/9/2014 1:21:24 AM     (No. 9685334)

Are we arriving at the day when Wally World will be our only choice ?

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Reply 6 - Posted by: Trigger2, 1/9/2014 5:02:07 AM     (No. 9685402)

After de Blazio gets through with Macy´s in NYC, look for them to cross the border to a different state. Another success for demonrats--destruction everywhere.

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