Macy's Closing 125 Stores
Thursday, February 6th, 2020 -- 8:42 AM
(WRN) -Macy’s will close 125 stores and cut two-thousand jobs over the next three years.The retailer has four locations in Wisconsin and it isn’t clear if any will be affected by the change. The corporation figures to save about one-and-a-half billion dollars after the cuts. Macy’s is closing its offices in San Francisco and Cincinnati and moving its headquarters from Cincinnati to New York.
It reportedly plans to work on improving its online marketing and invest in stores located outside malls.
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