Tuesday, February 27, 2024

Macy’s continues to close stores in the United States by 2024

One of the most famous retail chains in the United States, Macy’s, is not having the best commercial season. Last year, its executives decided to close several branches in some states of the country. The same will happen in 2024 because “the account will never work.”

There are thousands of customers affected so far, and those are still missing, following the announced closing of Macy’s. Equally affected are the hundreds of employees who have been laid off due to the suspension of services in various parts of the United States.

Data provided by The Wall Street Journal shows that more than 2,350 workers will leave Macy’s and join the long list of unemployed in their city. The chain has joined online sales but faces big competitors like Amazon itself.

2024: closing of said Macy

The closures scheduled for this year are as follows:.

Bayfair Center, San Leandro, California.

Downtown Simi Valley, Simi Valley, California.

Governor’s Square, Tallahassee, Florida.

Centro Kukui Grove, Lihue, Hawaii.

Borio Ballston, Arlington, Virginia.

By the end of October 2023, Macy’s will have 723 locations in the United States. By the way, 500 of them are from the Macy’s brand, 158 from Bluemercury, and 56 from Bloomingdale’s stores, which also belong to the company.

A Macy’s spokesperson addressed the issue in an interview with Fast Company. “As we prepare to implement a new strategy to meet the needs of an ever-changing consumer and market, we have made the difficult decision to reduce our workforce by 3.5% to become a very agile company.”

Just one year ago, Macy’s had nearly 94,570 employees. From this number, we must subtract more than two thousand employees who will leave their ranks, representing about 3.5% of their total salary.

World Nation News Desk
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