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Temporary store closures during the pandemic hammered nonessential retailers, including Kohl's, T.J. Maxx and Victoria's Secret. Shoppers also dramatically cut back on buying clothes.
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The cuts and closures are part of the Macy's attempt to stabilize its finances and rethink its future. It's also trying out smaller stores outside of malls
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2017 was bleak for retailers and 2018 is not starting off any better. Several major department stores, still hurting from declining sales, plan closures in locations nationwide.
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Cincinnati-based Macy's says it is eliminating more than 10 thousand jobs and plans to proceed with 68 store closures after a disappointing holiday…
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Cincinnati-based Macy's says it plans to close 100 stores next year to become more competitive. The figure represents nearly 14 percent of its store base.…
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Cincinnati-based Macy's says it will close 40 stores and cut thousands of jobs in an attempt to save 400-million-dollars due to poor holiday sales. The…
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Two Dayton-area advocacy organizations have filed a federal lawsuit claiming the location of the Dayton Mall's public bus stop discriminates against…
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Cincinnati-based Macy's says it will close 35 to 40 stores early next year. The company says it has not selected which stores will be shut down. Macy's…
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A clearance sale is scheduled to begin next week at the Macy's store in the Kingsdale Shopping Center. The Cincinnati-based retailer says it'll close that…
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Cincinnati-based Macy's is cutting 25 hundred jobs as part of a reorganization to sustain its profitability. The announcement comes on the heels of a…