Macy’s to close 125 stores, cut 2,000 jobs in hunt for growth
Iconic American department store chain Macy’s will shutter 125 stores and slash 2,000 jobs over the next three years as part of a plan to shore up its financial position. Like other retailers, Macy’s has struggled with the decline of the once-dominant American shopping mall, as well as competition from online behemoth Amazon. The department … Read more