Macy's closing nine stores
December 28, 2007
On Friday, Macy’s announced it will be closing nine underperforming stores in Indiana, Louisiana, Ohio, Oklahoma, Texas and Utah. Chairman, President and Chief Executive Terry J. Lundgren said the chain is closing locations where growth opportunities did not seem to exist.
Some of the 899 staffers who worked at the stores are going to be offered positions in nearby locations. Others will receive severance pay and outplacement assistance.
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