Macy’s is a department store that was founded in 1858, with its headquarters in New York City, USA. Its range of products include things like clothing, cosmetic, furniture, home appliances, toiletries, houseware, toys, etc. Macy’s is a subsidiary of a Macy’s Inc, formerly referred to as Federated Department Stores, Inc. The company boasts of being the largest department store in the US by retail sales, as of 2015.
According to recent reports, Macy’s has announced plans to layoff 13% of its corporate workforce, which amounts to about 2,350 employees. The report further mentions that the company plans to close out 5 stores in an effort to realign its focus and improve the shopping experience of their customers.
