Macy’s Retail Diet
In its annual review of underperforming stores, Macy’s Inc. has decided to close five department stores this year. The retail outlets are located in Boise, Idaho; Waterford, Mich.; St. Ann, Mo.; Missoula, Mont.; and Burlington, N.J. The 307 employees at the five locations will be offered jobs at nearby stores where possible or provided with severance benefits and outplacement help. After the store closings, Macy’s Inc. will operate 809 Macy’s locations and 40 Bloomingdale’s stores.
