Relevant:
- Macy's to Cut 4,500 Jobs, After Holiday Sales Slump
- Macy's is closing another 100 stores
- Retail Sector Cracks Have Broader Economic Reverberations (ADD KOHLS TO THE PILE)
- Macy's to close 68 stores, lay off more than 10,000 after disappointing sales
- Macy's to close 125 stores, cut 2,000 corporate jobs, in hunt for growth
2017-08-10 — cbsnews.com
Macy's has cut jobs and closed some stores to try to reverse falling sales. It has also started an off-price brand, and it plans to launch a loyalty program in the fall that it hopes will bring more shoppers through its doors. CEO Jeff Gennette cited "a notable contribution" from changes in the women's shoes and jewelry departments.
And Kohl's is trying to attract more shoppers by offering more outside brands and cutting some of its in-house clothing lines.
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