Macy’s Move to Close Stores May Be Necessary, but It’s Not a Quick Fix

Department store shuttering 125 locations, cutting 2,000 jobs

Macy's plan to close stores and slash jobs may be necessary, but it also may not work. Getty Images

The major cuts Macy’s announced this week—closing 125 stores over the next three years, as well as cutting 2,000 jobs as part of a larger plan to save hundreds of millions of dollars—may be a necessary move for the company, but it still may not be enough.

@RichCollings Richard Collings is a retail reporter at Adweek.