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.

The Macy’s Thanksgiving Day Parade, An American Tradition #MacysParade

The Macy’s Thanksgiving Day Parade is a tradition in New York City. An amazing array of floats, balloons, bands and yes Santa Claus are an important part of this 90 year event!