Macy's closing 68 stores, 4 in Michigan, after lackluster holiday sales
Michigan stores closing in Westland, Harper Woods, Lansing, Battle Creek
Macy's will close 68 stores, including four in Michigan after the company posted disappointing holiday sales numbers on Wednesday.
The Michigan stores closing include locations in Westland, Harper Woods, Lansing and Battle Creek.
Of the 68 stores it is closing, three were shuttered mid-year, 63 will be closed in early spring, and two will be closed in the middle of the year. Three other locations were sold, or will be sold, and are being leased back.
The company will close about 30 additional stores over the next few years as leases or operating covenants expire or sale transactions are completed, the company said.
As part of Wednesday's announcement Macy's said it will eliminate layers of management to cut costs and make more agile decisions. It also will work to reduce other non-payroll costs. As a result of these steps, the company estimates its work force will be cut by 6,200.
Another 3,900 workers will be displaced by the store closures and some of these employers could be reassigned.
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