Macy’s will close five shops and eliminate around 2,300 jobs, or roughly 3.5% of its workforce
In a significant move indicative of the changing retail landscape, Macy’s Inc., one of America’s iconic department store chains, has announced a major workforce reduction and the closure of several stores. This decision underscores the company’s strategic shift in response to evolving market dynamics and consumer preferences. The Scale of Reductions Macy’s decision to reduce … Read more