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Macy’s Announces 5,000 Job Cuts, Closure of 7 More Stores; Stock Tumbles…

January 4, 2018 at 6:21 pm

The Amazon juggernaut continues to crush brick and mortar retailers. On Thursday morning, former retail giant Macy’s, announced that was preparing to fire 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for “physical retail.” The retailer’s cost reductions come […]

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