Macys, one of the largest retailers in the United States, announced that it plans to layoff approximately 7000 employees. The layoffs will effect all positions within the company from office personnel to retail. Macys presently employs an estimated 182,000 people and the layoffs will represent 4% of it’s work force. The job cuts will save the company $400 million dollars annually. This news comes off the heels of last months announcement of 11 store closings
- Ernst & Young Plaza (Citicorp Plaza), Los Angeles
- The Citadel, Colorado Springs, Colo.
- Westminster Mall, Westminster, Colo.
- Palm Beach Mall, West Palm Beach, Fla.
- Mauna Lani Bay Hotel, Island of Hawaii
- Lafayette Square, Indianapolis
- Brookdale Center, Brooklyn Center, Minn.
- Crestwood Mall, St. Louis
- Natrona Heights Plaza, Natrona Heights, Pa.
- Century III Furniture and Clearance, West Mifflin, Pa.
- Bellevue Center, Nashville, Tenn
The world is going to hell in a retail basket, pretty soon there will be no place to buy clothes .
I haven’t heard food retail closing, so I guess America will be getting fatter and naked because there is no place to buy bigger clothes..
The business model for high dollar department stores may be on the way out.