Macy's Announces Job Cuts

Your video will begin in 5

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added by Wochit
17 Views
On Tuesday, Macy's announced it is cutting 100 management jobs as part of a restructuring plan.
Business Insider says Macy's expects the restructuring to generate annual expense savings of $100 million starting in fiscal 2019.
Bob Phibbs, "Retail Doctor" said the restructuring plan "doesn't seem bold enough" to help boost customer demand.
"Retail Doctor" says department stores like Macy's should focus on building connections with customers.
Category
People & Family

Post your comment

Sign in or sign up to post comments.

0 Comments

Be the first to comment