Macy's to close 125 stores, cut more than 2,000 jobs
Share:
(Reuters) - Macy's Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years and cut more than 2,000 corporate jobs as a part of its cost savings effort.The company said it would close stores in lower tier malls, and explore new off-mall formats, as it looks to tackle plummeting mall traffic in the United States. The department store chain, which has been struggling to boost store traffic as consumers opt for online shopping, has closed more than 100..