Under Obama's watch: Macy's letting nearly 5000 employees go.
4 posters
Page 1 of 1
Under Obama's watch: Macy's letting nearly 5000 employees go.
Macy's is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores.
The nation's largest department store chain, which also operates Bloomingdale's, said late Wednesday it is cutting up to 4,800 jobs and trimming its profit outlook after a miserable holiday season.
"I think Macy's is likely to be a canary in a coal mine," said Ken Perkins, president of Retail Metrics, a retail research firm. He said retailers witnessed an acceleration of the shift toward online and mobile holiday spending in 2015.
About 2,110 of the job cuts at Macy's will come from reducing staffing at stores, eliminating duplications in back-office operations and consolidating regional store groups. The remaining 2,710 job cuts will come from the store closings that Macy's announced last fall, spokesman Jim Sluzewski said.
As of Wednesday, Macy's had about 163,000 workers.
Does this mean they will be having some good sales on Trump brand cufflinks?
http://www.npr.org/2016/01/07/462223321/macys-to-cut-4-800-jobs-after-dismal-holiday-sales
Turtleneck- Geronte
- Posts : 42483
Join date : 2014-04-22
Re: Under Obama's watch: Macy's letting nearly 5000 employees go.
I can't wait for the day when I don't have to go outside for anything.
Watch Out Pylon!- Geronte
- Posts : 23330
Join date : 2014-04-30
Re: Under Obama's watch: Macy's letting nearly 5000 employees go.
They should close all of their stores and just concentrate on the Thanksgiving parade instead.
Giant Moose- Geronte
- Posts : 5837
Join date : 2014-04-16
Re: Under Obama's watch: Macy's letting nearly 5000 employees go.
Vote Trump 2016!
The_Dude- Pet Troll
- Posts : 7163
Join date : 2014-04-23
Re: Under Obama's watch: Macy's letting nearly 5000 employees go.
The_Dude wrote:Vote Trump 2016!
Trump brand clothing might save Macy's.
Turtleneck- Geronte
- Posts : 42483
Join date : 2014-04-22
Similar topics
» Kimbo Slice vs. Dada 5000
» What did you guys think of Obamas speech at the DNC
» The Obamas are pieces of shit
» Not a fan of the official Smithsonian portraits of the Obamas....
» Motel 6 employees are snitching to ICE
» What did you guys think of Obamas speech at the DNC
» The Obamas are pieces of shit
» Not a fan of the official Smithsonian portraits of the Obamas....
» Motel 6 employees are snitching to ICE
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum