[ditty_news_ticker id=”25027″]Macy’s announced plans to close 68 stores and cut more than 10,000 jobs Wednesday, foreshadowing things to come for the brick and mortar retail industry in 2017.
The company expects the closings and layoffs to generate annual expense savings of approximately $550 million in 2017. Macy’s plans to invest an additional $250 million in growing the retailer’s digital business as well as investments in Macy’s China. – READ MORE
