Macy's closing 125 stores signals 'more pain' for retailers
Companies, agencies, institutions, etc
Macy
Gennette
J.C. Penney's
Kohls
Patriarch Organization
ABC News
Amazon
a Band-Aid
SW Retail Advisors
Ulta
Sephora
Black Death."24/7
People
Jeff Gennette
Eric Schiffer
Stacey Widlitz
Barneys
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American
Americans
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Locations
Dallas
San Francisco
Cincinnati
Lorain
Ohio
New York City
U.S.
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Summary
In another signal of a changing landscape for American retailers, Macy's announced a massive restructuring that would involve shuttering 125 department stores, cutting 2,000 jobs and closing three corporate offices. Experts have said there is "a lot more pain to come" for many stores once titans of the retail space. "You look at J.C. Penney's, you look at Macy's, you can argue that many more store closings need to happen -- and will likely happen," she added.
As said here by Catherine Thorbecke