Business

Macy’s to close 125 stores, slash 2,000 corporate jobs

NOTTINGHAM, MD—Macy’s announced on Tuesday that the chain would close 125 stores over the next three years, nearly a fifth of its total locations. The company also plans to cut 2,000 corporate jobs as it shutters offices in San Francisco and Cincinnati. The department store chain said it will likely exit shopping malls, and instead focus on opening smaller stores …