Macy's will be closing roughly around 125 different stores over the next three years. Previously they announced they would be closing around 298 locations and now 100 more will also be shutting down.
According to the retailer, they will be cutting 2,000 positions, eliminating 9% of its corporate and support positions.
The CEO of Macy's stated "We are making deep cuts that impact every area of our business,These changes are painful but they are necessary.''
For a list of the closings, click here.
Are you upset about this?