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Macy’s Cuts Thousands of Jobs Nationwide, Blames Warm Weather for 80% of Same-Store Sales Declines in Nov and Dec

Macy’s coffers caught a pre-holiday chill as warmer weather cut into sales of winter wear in November and December—and its staff is paying the price.

The department store retailer on Wednesday announced that it will cut thousands of jobs and shutter 36 stores as part of a plan to reduce annual expenses by $400 million.

Read more at Sourcing Journal.