2 Local Macy’s stores set to close

Archives
12844993_G_1284499371

Macy’s is eliminating more than 10,000 jobs as they plan to close 68 stores after a disappointing holiday shopping season.

The company said it plans to close the 68 stores by midyear.

Among those scheduled to close are the Macy’s store in the Fort Steuben Mall in Steubenville and the Macy’s inside the Washington Crown Center in Washington, Pennsylvania, according to the Wall Street Journal.

The company plans to restructure parts of its business and sell some properties. The moves are estimated to save $550 million annually.

Shares in Macy’s fell more than 8 percent in after-hours trading.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

video

More Video

Ohio Lottery

Don't Miss

Trending Stories

More Top News

WTRF 7News Twitter