The Business Times
SUBSCRIBERS

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

Published Fri, Jan 9, 2015 · 09:50 PM
Share this article.

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…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here