[Vision2020] Macy's latest store closings include Lewiston Center Mall store

[Kenneth Marcy]

Macy's latest round of about 125 stores includes the ones in Lewiston, 
ID, Seattle, WA, and Helena, MT.


Macy’s will close roughly 125 stores, a fifth of its locations, over the 
next three years.

After previously announcing that it would close 298 locations 
<https://www.usatoday.com/story/money/2020/01/07/macys-store-closings-2020-list-more-than-dozen-stores-shutter/2829013001/>, 
Macy's said Tuesday that it will now shutter nearly 100 more.

The retailer also said that it is cutting about 2,000 positions 
<https://www.usatoday.com/story/money/2020/02/04/macys-cut-jobs-struggles-amid-rise-amazon/4654961002/> , 
eliminating 9% of its corporate and support positions.

“We are making deep cuts that impact every area of our business,'' 
Macy's CEO Jeff Gennette said Wednesday during the retailer's Investors 
Day. "These changes are painful but they are necessary.''

Macy's, once the model of the luxury department store, has struggled to 
stay afloat during a time when Amazon has remade the shopping 
landscape and one time retail giants like Payless and Toys R Us are 
going out of business.


Here is the list of the latest announced closings:

https://www.usatoday.com/story/money/2020/02/05/macys-store-closings-list-125-stores-close-19-states/4665130002/ 




Ken


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