Macy’s is closing 68 stores, cutting 10,000 jobs – Jan. 4, 2017 CNN-Money

Macy’s said Wednesday it’s shutting down 68 stores and cutting more than 10,000 jobs.The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday.

Source: Macy’s is closing 68 stores, cutting 10,000 jobs – Jan. 4, 2017

Macy’s has been a retail giant and an American institution for generations. A lot of retailers are facing similar decisions. Although there is not a a Macy’s where I live this still has a significant impact in how we buy goods and where does this model of store fit in a highly online world.

Published by

Tony "T-Bird" Burgess

Hi there, my name is Tony Burgess from Chattanooga, Tennessee, USA. I am a believer, bleeding-heart, idealist and blogger. I'm married to Laura and Cody is our dog. Daily I work for a blood bank. My blog is where I chronicle and curate the sacred, serious and silly things in my life. I am a member of The Episcopal Church. Thank you for connecting with me. Grace, peace, and love!

5 thoughts on “Macy’s is closing 68 stores, cutting 10,000 jobs – Jan. 4, 2017 CNN-Money”

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.