AP
by
Christopher Mele
Christopher Mele
Struggling with sagging sales over another crucial holiday shopping season, Macy’s announced on Wednesday that it was eliminating more than 10,000 jobs as part of a continuing plan to cut costs and close 100 stores.
Macy’s, the country’s largest department store chain, said sales at its stores had fallen 2.1 per cent in November and December compared with the same period in 2015. Chairman and chief executive Terry …
Read the full article at: http://www.afr.com/business/retail/clothing-and-accessories/macys-slashes-10000-jobs-after-poor-christmas-sales-at-iconic-nyc-retailer-20170105-gtmekn