More layoffs and more stores closing.

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The latest store planning to announce closings and layoffs is a big one. It's one of the most popular retail clothing stores in the country with stores right here in New Jersey.

Macy's is planning to lay off more than 2,000 employees and close 5 stores. That's about 3.5 percent of Macy's overall workforce and 13 percent of its corporate staff, according to USA Today.

Photo by Alexander Kovacs on Unsplash
Photo by Alexander Kovacs on Unsplash

The Wall Street Journal recently reported the news.

In an article in USA Today it states:

"The Journal, citing a memo sent to employees late Thursday, reported that Macy's plans to add more automation to its supply chain and to outsource some roles, although the memo didn't specify which jobs would be outsourced."

Photo by Nick Sarvari on Unsplash
Photo by Nick Sarvari on Unsplash

It also states:

"The Journal also reported that Macy's will be investing in areas that affect consumers, such as adding visual display managers to enhance the look for stores and upgrading digital functions to make online shopping more seamless."

Several stores are located throughout New Jersey.

I would be very upset if the Macy's at the Cherry Hill Mall was one of the stores closing. It's been there forever. It's a one stop shop for shoes, jeans and makeup. Even though I do enjoy shopping online, I still like to go in the store and try stuff on too. Especially jeans, which can be hard to buy online.

Luckily, the 5 stores closing are not in New Jersey.

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