Macy’s close five stores nationwide, layoff thousands of employees

According to news reports Macy’s plans to shut its San Leandro location along with 4 other stores nationwide. Macy San Leandro Bayfair Center would close. Bayfair Center Macy’s currently employs 60 people.

Store employees were informed before to the

Store eligible employees will be offered severance benefits and chance to transfer to neighboring stores. According to news outlet money from the closed stores and layoffs toward enhancing digital shopping experience and upgrading the view of existing stores.Changes were based on nearly a year of customer research.

Closing sales at the Bayfair Center Macy’s will start later this month and run for 8-12 weeks. The Bayfair Centre store is one of five store closing nationwide. Macy’s will also close stores in Arlington, Hawaii, Lihue, Tallahassee, Simi Valley, Va.

Macy’s also plans to layoff almost 2350 employees, 3.5% of total employees across Macy and subsidiaries, Bluemercury and Bloomingdale’s.

In last year Macy’s Inc. the parent company of all three brands reported third quarter earnings of $43 million down from $108 in the same quarter previous year. Total sales at the Macy’s stores were down 7% year over year both online and in store.

The Macy’s spokesperson expressed ” The decision to close a store is always difficult one. Macy’s is grateful to have served out customers and community. We remain committed to delivering a seamless shopping experience to our customers across channels. including neighboring stores at Southland Mall, Premier digital shopping experience, Hillsdale Mall, Broadway Plaza, Newpark Mall, Stoneridge shopping center.

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