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Macy’s Furloughs ‘Majority’ of 130,000 Staff as Virus Takes ‘Heavy Toll’ on Retail

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Macy’s Inc. is moving to an “absolute minimum workforce” for the duration of the coronavirus outbreak in the U.S. as the public health crisis is taking a “heavy toll” on its business. The department store retailer Monday said the majority of its workforce will go on furlough beginning this week. “There will be fewer furloughs…

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