MACY’S PLANS TO SHUT 125 STORES

Highlights

• Plans to shut stores in 3 years’ time
• It will cut 2000 jobs
• The move comes after struggling to compete with online retailers

Macy’s a popular American retail chain will shut 125 stores over the next three years, which is almost one-fifth of its total locations in the United States.

In the malls where there is less foot traffic, it will s....