Macy’s to close 125 stores, cut 2,000 corporate jobs, in hunt for growth
People at the entrance of a Macy’s store in Jersey City, N.J.
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Macy’s will reportedly shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it shutters its tech offices in San Francisco and its Cincinnati headquarters.
The department store chain plans to exit weaker shopping malls, and instead will shift its focus toward opening smaller-format…