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Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.
The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. [7] It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989. As of 2019, TJX operates TJ Maxx (in the ...
TJ Maxx is the flagship chain of the TJX Companies. It sells men's, women's and children's apparel and shoes, toys, bath and beauty products, accessories, jewelry, and home products ranging from furniture and decor to housewares and kitchen utensils. TJ Maxx and Marshalls operate as sister stores, and share a similar footprint throughout the ...
Plan to turn around retail business will see its least profitable stores closed, thousands of corporate job cuts, and the shuttering offices. Macy's to close 125 stores, shed 2,000 corporate jobs ...
Macy's, Inc. Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year.
Online retail sales rose 13% this holiday season, about triple the increase of sales in stores for the first time. At Macy's, online sales nearly doubled this year over last, so adding jobs there ...
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