
Macy’s initiates restructuring to save US$140m
Department store retailer Macy's is to close 14 stores and make a raft of job cuts as it restructures its marketing and merchandise operations in a move designed to save US$140m starting this year.

Department store retailer Macy's is to close 14 stores and make a raft of job cuts as it restructures its marketing and merchandise operations in a move designed to save US$140m starting this year.