Macy's consolidating 3 divisions

February 2008
Furniture/Today;2/11/2008, Vol. 32 Issue 23, p4
Trade Publication
The article reports on the decision of Minneapolis, Minnesota-based furniture and bedding retail store Macy's Inc. to consolidate three of its divisions into other offices to improve its same-store sales growth and to reduce expenses. It mentions that the company will also decentralize decision-making to district executives in many of its markets and lay off 2,550 workers. Comments from Macy's chairman, president and chief executive officer (CEO) Terry Lundgren are provided.


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