Macy’s cuts workforce, closes stores in cost push

Macy’s to Cut 3.5% of Workforce and Close Stores

Macy’s, the renowned department store, has announced plans to cut approximately 3.5% of its workforce and shut down five stores as part of its ongoing efforts to reduce costs amid a challenging demand backdrop. This move comes as the company seeks to streamline its operations and become a more efficient player in the ever-changing retail market.