SUBSCRIBERS
Macy's to close 14 stores, focus on online biz
Published Fri, Jan 9, 2015 · 09:50 PM
New York
US department store giant Macy's said it would shut 14 stores, cutting more than 1,300 jobs, in a restructuring to boost its focus on the boom in online shopping.
The affected stores, a small fraction of the company's roughly 790 stores across the country, will be closed within several months, Macy's said in a statement on Thursday after the markets closed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue