Regional Macy's stores safe
CHARLESTON, W.Va. -- Macy's recently announced it will close five of its 800 stores nationwide, cutting 2,500 jobs, but local stores will not be affected.
Macy's has stores locally in Charleston and Barboursville.
The company announced Wednesday it will "implement focused cost reductions, including organizational changes, as it prepares to sustain profitable sales growth in the years ahead," a company press release said.
The cost savings is approximately $100 million per year, the release stated.
Macy's is closing stores at the Fiesta Mall in Mesa, Ariz.; Metcalf South Shopping Center in Overland Park, Kan.; Jamestown Mall in Florissant, Missouri; Medley Centre in Irondequoit, NY; and the Fashion Place Mall in Murray, Utah.
"Approximately 2,500 employees are expected to be laid off and are eligible for severance as a result of these organizational changes," the release stated. "Other associates are being reassigned with new duties or transferred; some spots will not be filled."
Reach Caitlin Cook at email@example.com or 304-348-5113.