NEW YORK -- Veteran department-store chain Macy's is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business ...
Brick and mortar sales have taken an irrecoverable knock since the COVID-19 pandemic and its subsequent lockdown which then led to a seemingly permanent preference for online shopping. Macy’s, the ...
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