Macy’s to close 125 low-performing stores over 3 years, WSJ says

Macy’s will close 125 stores, roughly a fifth of its locations, in the next three years, according to the Wall Street Journal.
The retailer also will cut some 2,000 office jobs, some 10% of its corporate staff, the Journal reported Tuesday.
Macy’s will operate 400 locations when the new closures are complete.
“Our goal is to reclaim and revitalize what a department store should be,” Macy’s Chief Executive Jeff Gennette told the Journal. “Department stores are