Macy’s announced today a three-year plan that includes shuttering 125 stores and its corporate headquarters in Cincinnati, as well as cutting 2,000 jobs.
The moves will cost the company between $450 million and $490 million, the majority of which will be recorded in fiscal 2019. Macy’s said it expects the moves to save the company about $600 million this year and ultimately $1.5 billion on an annual basis by the end of 2022.
In addition to Cincinnati, the
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