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Wednesday, February 05, 2020

Macy's On Its Last Leg!

Macy's is closing their second world headquarters in Cincinnati and announced 125 stores will see closure.
About 20% of Macy's are closing up shop. That will put a dent in the "great America comeback."

The Macy's second headquarters in Cincinnati is closing its door sending hundreds of workers to the unemployment line. The company has announced they're going to close 125 locations in the U.S. and Canada. They will close the Tempe, Arizona call center. It will consolidate customer service and card services to Mason, Ohio and Clearwater, Florida.

The marketing centers of Macy's in San Francisco and Lorain, Ohio will close soon.

The main headquarters will remain in New York City but it will shed at least hundreds of jobs once the Cincinnati location is gone.

The company announced on Tuesday that it's going through some major changes. They are fearing that Amazon and online shopping is destroying their bottom line. Brick and mortar stores are closing up fast and furious.

Macy's said in a statement that it plans to close about 125 of its "least productive" stores over the next three years, including 30 stores that are in process of closing.

The specific stores were not named as of yet. So uncertainty exists within the country. Many stores in North America

Dayton, Indianapolis, Columbus, Cincinnati, Toledo, Detroit, Chicago and Pittsburgh will likely lose a location or two.

Trust me, we will hear the Dayton Mall Macy's close within a few years.


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