Macy’s has announced it will be cutting 2,350 jobs and closing five stores, relaying the news in a company memo shared with staff on Thursday. As the country’s largest department store operator, Macy’s also owns subsidiaries Bloomingdales and Bluemercury. Stores are expected to run clearance sales starting in January for 8-12 weeks before closing, Macy’s told Axios. Two stores in California, San Leandro and Simi Valley, will be impacted, along with the Tallahassee store in Florida, the Lihue store in Hawaii, and the Arlington store in Virginia. [time-brightcove not-tgx=”true”] According to the memo, the company will be eliminating management roles and implementing more auto
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