Macy's Slashing 2,500 Jobs, Closing Some Stores

The chain still faces resistance from shoppers in markets where it replaced a favorite local store, such as Marshall Field's.

Patch file photo.
Patch file photo.

Macy's announced it is closing five underperforming stores and reducing its workforce by 2,500, according to the Chicago Tribune. However, no Chicago-area stores will be closed, the paper said.

The layoffs come from reducing the number of districts and cutting out district planners in home furnishings, MarketWatch.com reported. The chain's fourth-quarter results equate to a 2.5 percent sales gain, the site said.

Macy's is still struggling with resistance from shoppers in some markets where it replaced local favorites--such as Marshall Field & Co. in Chicago--according to Huffington Post. 

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