Macy’s Names 68 Stores It Will Sh…

Macy’s yesterday said it was closing 68 stores of its 730 stores by the spring – wiping out about 3,900 jobs – and that it would lay off about 6,200 additional workers nationwide in a move it characterizes as a “need for greater efficiency and productivity.” The closures are part of the plan to shutter up to 100 underperforming stores that it had announced last August.