Saturday, March 26, 2016
Thursday, March 24, 2016
US Retail
2017 January :
Macy discloses first 68 of 100 stores closings
Macy's announced the first 68 of 100 stores it plans to close and the elimination of about 6,200 employees as part of a long-awaited series of actions to offset declining sales in its retail operations. The department store retailer said the actions are expected to achieve approximately $550 million in annual cost savings beginning in 2017.
A report by Credit Suisse identified six retailers most common to US most valuable mall properties. These are:
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