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Macy's to close 14 stores, focus on online biz

SMALL CHANGE: The stores to be shuttered form a small fraction of the 790 Macy's stores across the US, generating US$130 million in annual sales.

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...

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