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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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