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Covid-19: Macy's To Furlough Most Of Its 130,000 Workers
Having lost most of its sales amid the novel coronavirus (COVID-19) pandemic, Macy's says it will furlough most of its workforce of 130,000, which includes its subsidiary retailers Bloomingdale’s and Bluemercury.
Macy's made the announcement on Monday, March 30, about two weeks after all its stores closed on Wednesday, March 18 due to the outbreak.
"While the digital business remains open, we have lost the majority of our sales due to the store closures," Macy's said in a statement.
Macy's said it's already taken measures to maintain financial flexibility, including suspending t…
Covid-19: Macy's, Bloomingdale's, Nordstrom To Close All Stores
Three of the nation's largest retailers -- Macy's, Bloomingdale's and Nordstrom -- will be closing their stores temporarily due to the spread of the novel strain of the coronavirus (COVID-19).
Macy's said it would close all stores, including Bloomingdale's locations, at the end of the business day on Tuesday, March 17 through Tuesday, March 31. That's the same time frame for Nordstrom's scheduled closure.
Online stores for all three will stay open.
"The health and safety of our customers, colleagues and communities is our utmost priority," said Jeff Gennette, chairman and chief …
