Macy`s in big cost-cutting moves; will close 125 stores

Macy’s Inc. is slashing staff and shuttering stores and closing its downtown Cincinnati offices as part of a three-year plan that it said is designed to stabilize profitability and position the company for growth.

The department store giant plans to close approximately 125 of its least productive stores during the next three years, including approximately 30 locations that are already in the process of being closed. Macy’s said the 125 stores currently account for approximately $1.4 billion in annual sales....

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RSK: Again, I do not think the Hilldale store here in Madison will close.

Ken Notes: Density, density, density....