Thursday, January 8, 2009

New Year Retail Closings Begin


Macy's has announced it plans to close 11 stores, affecting 960 employees:
Stores slated to close include locations in Los Angeles, West Palm Beach, Fla., Nashville, Tenn., and St. Louis, among others. Cincinnati-based Macy's Inc. says the closures will cost about $65 million, most of which will be booked in the 2008 fourth quarter.
You can read more here.

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