Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle
The cuts and closures are part of the Macy's attempt to stabilize its finances and rethink its future. It's also trying out smaller stores outside of malls
Macy's is planning to close about 125 underperforming stores over the next three years, about a fifth of the company's retail locations.
The department store did not specify which locations it would close, other than saying that are already in the process of closing.
