It’s a “Bold New Chapter” at Macy’s (read: they’re laying off employees and closing 150 stores)
Following last month’s announcement that it was showing 2,350 employees the door, the struggling company today announced that it will close 50 “underperforming” stores this year, and 100 in 2025.
They are calling it “A Bold New Chapter” in a press release that features all of the typical corporate speak: unlocking shareholder value, challenges status quo, strong call to action.
Last month, the company received and rejected an unsolicited $6 billion offer from Arkhouse Management. Maybe they shouldn’t have been so hasty at rejecting challenges to the status quo…