Macy's cutting 6,200 jobs, closing 68 stores

[Eugene]

Source: USA Today

Macy's cutting 6,200 jobs, closing 68 stores

Charisse Jones , USA TODAY Published 4:31 p.m. ET Jan. 4, 2017 | Updated 22 minutes ago

After seeing sales drop during the holidays, Macy's said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick.

Of the 68 stores out of 730 in total, nine closings had been previously announced and three locations have already shut down. But the retail giant revealed the locations of the remaining 59 stores, which will be shuttered by the middle of this year and affect 3,900 employees, some of whom may be offered jobs at other locations.

The locations span the country, from Florida to Oregon.

Some of the stores are relatively new to the chain. The Macy's store in the Eastland center in Columbus, Ohio, opened in 2006, and has 73 employees. Some, however, are historic or have been around for decades. Macy's said it will shutter its store in downtown Minneapolis opened in 1902, where it has 280 employees.

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Read more: http://www.usatoday.com/story/money/business/2017/01/04/macys-cutting-6200-jobs-identifies-68-stores/96168126/

[DesertFlower]

1. sad -- macy's has been around for

so long. when i was a young kid my mom worked there part time.

[shenmue]

13. I like Macy's

[Blue Shoes]

2. They should probably file for unemployment benefits before Trump gets around to guting them. nt

[Angry Dragon]

3. Waiting for a Trump tweet on this blaming Obama

The one in Minnesota was formerly Dayton's

[LonePirate]

4. Can we blame PEOTUS for this given his penchant for wanting credit for saved jobs?

[Angry Dragon]

6. Trump only takes credit for Good or Huge things ............. blame is for others

[greatauntoftriplets]

5. Marshall Field's Forever!

[LisaM]

8. Hudson's forever!

Boy, do I miss Hudson's.

However, I think this is more a reflection of people refusing to shop in stores and creating retail deserts than of Macy's itself. I buy about 80% of my clothes there and I think they have decent stuff. I like shopping there. I never buy clothes online. The sizing is too erratic, and I like to actually feel the material between my fingers.

[shenmue]

14. Woolworth and Alexander's!

[greatauntoftriplets]

17. I actually had to buy something from Macy's recently.

I felt like a hypocrite but my boycott lasted 19 years.

[elfin]

15. YES! Macy's is a real step down and totally screwed our MF. Eom

[greatauntoftriplets]

18. Field's had such class.

[LisaM]

20. I think Target bought Marshall Field first.

Our Hudson's turned into a Marshall Field and it was god awful. They never had anything I wanted (this was not at all like the store I remember visiting in Chicago, BTW). I'd say that the Target corporation had a hand in bringing Marshall Field down. When our Hudson's-turned-Marshall-Field turned into a Macy's, the improvement was measurable. I'm not sure that Macy's bought Marshall Field at its highest point.

That said, I think department stores add a lot to downtowns, and the loss of Macy's in Minneapolis is going to be big. Seattle had three big department stores when I moved here - the Bon Marche, Nordstrom, and Frederick and Nelson (which apparently used to be the best). Nordstrom was always more specialized. I really liked the Bon, but the Macy's has been okay and I really don't want it to leave.

[emulatorloo]

21. Plus a thousand.

[greatauntoftriplets]

22. That store had class.

[riversedge]

7. Hey, where is Trumps tweet saving Macy's job??

[femmocrat]

12. Good one. nt

[Eliot Rosewater]

9. Amazon and online sellers are the reason?

Plus most Americans cant afford them anymore, Walmart is where America shops because America has been made poor by people like Donald Trump.

[LisaM]

16. Macy's always has good deals.

I often get stuff marked down to under $20, and it lasts.

[Freethinker65]

10. Thanks Trump

[femmocrat]

11. I haven't gone to Macy's in years.

No special reason.... I just quit shopping when I retired, I guess.

[HoneyBadger]

19. I used to buy everything there

Now Amazon is my Macy's.

[nitpicker]

23. Link to list of closing stores

http://www.cnbc.com/2017/01/04/here-are-68-of-the-100-stores-that-macys-will-close.html