Skip to main content
  1. Life
  2. Careers & Workplace
  3. Unemployment

Macy’s anticipated job layoffs to impact area stores

See also

According to a Reuters report on Wednesday, January 8, Macy’s has plans to cut approximately 2,500 jobs in an effort to save $100 million annually. The money-saving plans will mean the loss of jobs for many and relocations for others. The report on Reuters explains that Macy’s plans on eliminating one of its eight markets by combining its Midwest regions with its North regions. Macy’s Midwest includes the St. Louis stores.

The decision is in an effort to continue growing profits, and according to a Macy's Press Release, is all part of their "M.O.M" program. Macy’s chairman, president and chief executive officer, Terry J. Lundgren explained that "M.O.M" stands for My Macy’s localization, Omnichannel integration and Magic Selling customer engagement. Lundgren said it “will help us to maximize the impact of the exceptional talent we enjoy at every level of our organization.”

The major retailer is famous and spotlighted on the Macy’s Thanksgiving Day Parade held in New York City every year and is the back drop for the classic Christmas movie, “Miracle on 34th Street”.

St. Louis Macy’s stores were once known by locals as Famous Barr until Macy’s bought the Famous Barr brand, including the downtown store which has since closed entirely. St. Louis Post Dispatch reported in May, 2013, that the downtown closure would eliminate 95 area jobs.

If you like what you just read, don’t copy it! Share it with your friends. Before you do, head to the top of this article to subscribe to this St. Louis Job Search Examiner so you don’t miss another update about the St. Louis job market. Also, like the Frugal Savings And Freebies, Jobs & Economy News.

Advertisement

Life

  • Tom Petty
    Seven overlooked videos that prove the genius of Tom Petty and the Heartbreakers
    Today's Buzz
  • Gaylord Pickens
    Discover Gaylord-Pickens Oklahoma Heritage Museum dollar days
    Camera
    6 Photos
  • Yoga poses
    Learn how to strengthen your core muscles with these yoga poses
    Camera
    5 Photos
  • Baby boomer STD rates
    Sexually transmitted diseases: Baby boomers booming STD rates
    Camera
    7 Photos
  • Open relationships
    Are you thinking about exercising your option to be in an open relationship?
    Camera
    5 Photos
  • Medical symptoms
    See which symptoms should cause you to seek a doctor’s attention right away
    Camera
    6 Photos

Related Videos: