Macy’s Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle

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    Macy’s is planning to close about 125 underperforming stores over the next three years, about a fifth of the company’s retail locations. The department store did not specify which locations it would close, other than saying the stores are in “lower-tier” malls and include 30 stores in 19 states that are already in the process of closing. Macy’s said in a statement that it is also cutting 2,000 jobs — about 9% of its corporate workforce — and shuttering offices in Cincinnati and San Francisco to consolidate operations at its New York headquarters. The company will also close its Tempe, Ariz., customer contact center and consolidate operations in Mason, Ohio, and Clearwater, Fla. But it plans to add tech and website workers to a future facility in Atlanta. All this is part of a big transformation Macy’s hopes will help boost the company amid an exodus of shoppers from malls and traditional department stores, NPR’s Alina Selyukh reports. And the rise of online sales over the past decade

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