Macy's is slashing jobs, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores.
The nation's largest department store chain, which also operates Bloomingdale's, said late Wednesday it is cutting up to 4,800 jobs and trimming its profit outlook after a miserable holiday season.
14:01 Hispanic Dems warn Latinos will be hit hard by ObamaCare repeal15
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech13
05:09 Sterling slides to 3-month lows on 'hard Brexit' fears12
01:03 Sterling slides to three-month lows on 'hard Brexit' fears11