Thursday, January 8, 2009

Macy's To Close 11 Stores

I'm sure this is a sign of things to come, as store's start the pruning process of scaling down their overhead's.
Macy's Inc. announced Thursday that 11 underperforming stores will close in nine states, ranging from Los Angeles, Calif., to West Mifflin, Penn.
Costs associated with the 11 store closings will be approximately $65 million. They say that the employees affected by the closings, may be considered for open positions, as the come available at the stores still open.