Macy's is closing five stores, including locations in San Leandro, CA, Simi Valley, CA, Tallahassee, FL, Lihue, HI, and Arlington, VA, leading to a 3.5% reduction in its workforce. Additionally, a beloved East Texas furniture store, which had been in business for nearly 50 years, is also closing. Macy's has declined a $5.8 billion takeover offer, opting to remain a public company.
This is the second furniture store Macy's has sold in South Florida. The retailer is also reportedly closing five stories. https://t.co/DIGQjsUaz9
Macy's (M) doesn't want your $5.8 billion. The legacy department store made waves last week when it turned down a lucrative takeover offer from Arkhouse Management & Brigade Capital. The buyout would have taken Macy's private at a 20% premium ➡️ https://t.co/nhHPtSNSio https://t.co/crAp0uGq22
This is the second furniture store Macy's has sold in South Florida. The retailer is also reportedly closing five stories. https://t.co/EGMkN6zgAa
A beloved East Texas furniture store is closing after nearly 50 years in business. https://t.co/GKDDmjszZ1
❌ Macy's is closing five stores and laying off 3.5% of its workforce. The closings are in the following locations: • San Leandro, CA • Simi Valley, CA • Tallahassee, FL • Lihue, HI • Arlington, VA https://t.co/oy46TE3Ma7