Macy’s to cut 1,500 store-level jobs – Bloomberg

Jan 28 (BestGrowthStock) – Department store operator Macy’s Inc
(M.N: ) is cutting 1,500 jobs effective March 6, Bloomberg
reported, citing two people familiar with the matter.

The affected jobs are store-level positions, the people told
the news agency.

Earlier this month, Macy’s said it was closing five of its
namesake department stores, affecting about 307 employees, as it
pares underperforming locations. [ID:nN05219257]

Macy’s could not immediately be reached for comment by
Reuters outside regular U.S. business hours.

Investment Analysis

(Reporting by Shailesh Kuber in Bangalore;; Editing by Erica
Billingham)

Macy’s to cut 1,500 store-level jobs – Bloomberg