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Thursday, 09 January 2014 03:14
It's another blow to a struggling North County mall. The Macy's store at Jamestown is closing. A clearance sale begins Monday.
The announcement came Wednesday. Macy's officials say its part of a reorganization that will save the company $100 million per year. The company will close five under-performing stores and cut 2,500 jobs across the country.
A spokesperson for the retailer says many of the 88 Jamestown employees will be offered positions at other Macy's locations in the St. Louis area. The rest will be given severance packages.
Currently, Macy's employs 175,000 employees and operates 841 stores nationwide.
Published in Local News