Macy’s Inc. announced Tuesday it will close five stores as part of its annual process to “prune” underperforming locations. The closure will affect 307 full-and part-time employees. Last year Macy’s closed eleven stores and in 2008 nine. Stores affected this year are downtown Boise, Idaho; Summit Place Mall, Waterford, Mich.; Northwest Plaza, St. Ann, Mo.; downtown Missoula, Mont.; and Burlington Center Mall, Burlington, N.J.
It is either the economy is getting worse or Macy’s business model is just completely wrong. We think the former.
~Ladybrille Magazine Staff
Founded in 2007, Ladybrille® Magazine is a California based pioneer digital publication demystifying the image of Africans in the west through contemporary African fashion and celebrating the brilliant woman in business and leadership, with an emphasis on the African woman in the diaspora. Our coverage includes stories on capital, access to markets, expertise, hiring and retention, sales, marketing, and promotions.
