Retail layoffs are hitting especially hard this week. Macy’s is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees, and the iconic department store is closing five ...

NEW YORK (AP) — Retail layoffs are hitting especially hard this week. Macy’s is laying off about 3.5% of its total headcount, which amounts to roughly 2,350 employees, and the iconic department store ...

Macy’s is closing 150 stores over the next few years, the department store chain announced Tuesday. According to CNN, Macy’s will shutter 150 underperforming stores, cutting its brick-and-mortar ...

Forbes contributors publish independent expert analyses and insights. I cover major developments in the retail industry. A post-Christmas look at store performance has prompted Macy’s management to ...

In a story all too common in the retail industry, Macy’s plans to close more stores amid sagging sales. After closing four stores in January, Macy’s announced the closure of five more locations.

Macy’s will close 150 stores over the next three years with 50 shutting down by the end of the year, according to financial statements released this week. The move, dubbed “A Bold New Chapter,” comes ...