Macy's cutting 2,500 jobs as it reorganizes on heels of strong holiday season

  • Article by: ANNE D'INNOCENZIO , Associated Press
  • Updated: January 8, 2014 - 9:18 PM

NEW YORK — Macy's Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

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michyomamJan. 8, 14 3:47 PM

Job losses continue!

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kahnbentJan. 8, 14 3:47 PM

Could save some money by not advertising as much with those annoying loud commercials.

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kleindropperJan. 8, 14 3:51 PM

Expect much more of this as the holiday season is over and Obamacare kicks in.

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tlefaiveJan. 8, 14 4:03 PM

Thanks for busting your butts for us this holiday season, now here's the door. Real nice, Macy's.

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michyomamJan. 8, 14 4:04 PM

Apparently the holiday season was so strong this year that Macy's is reorganizing and cutting 2,500 jobs!!!

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webfootJan. 8, 14 4:35 PM

Big surprise. NOT! Macy's cuts workers and their stock price increases. Some people just can't ever have enough money, can they? Will it ever stop? I don't so. The greed in this country is rampant.

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tuxedo01Jan. 8, 14 4:39 PM

They could save millions if they would just stop sending all of those annoying coupons and halt the cheesy glossy flyers in the mail. Put everything on smart phone apps like Target.

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cman2500Jan. 8, 14 4:47 PM

The US Consumer Is So Strong, Macy's Just Fired 2500 And Announced The Closure Of Five Stores.Yes I'm bullish,more to come JCP,KMapart,Sears rumor Target is going to fire thousands.

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theruntJan. 8, 14 5:22 PM

"Our company has significantly increased sales and profitability over the past four years," said Terry J. Lundgren, Macy's chairman, president and CEO in a statement. "So why are you letting me go?" asked a worker.

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gopherdudeJan. 8, 14 5:34 PM

Retail is a challenging and changing environment, one where the average needs for a brick and mortar store have changed a lot. Macy's stock probably rose because they are driving out overhead and getting rid of wasted space and overlapping locations. Consumers are valuing time and speed of delivery to there door from online retailers as much as being able to see products in person. The new economy is the new reality, we will have fewer competitive choices and consumers as more competitors get weeded out by the race to the bottom. Everything goes up but workers wages, has since the 1980's and nothing will change in this millenium or the next.

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