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KGO ABC7 News 500PM August 12, 2016

Sold for redevelopment and should generate millions of dollars and menswear will move back to the flagship store. Macys began trimming staffing while not impacting regular shoppers. I like the makeup and perfume and we go there quite often. Reporter abc7 news. Macys decisions is the latest in a series of retail closures this year amid the success of Online Shopping options. Walmart plans to shutter 269 stores and Sports Authority closing all 250 after filing for bankruptcy. Get this, analysts say there have been 244,000 retail layoffs announced so far this year only. Only the energy and computer sectors have cut more jobs. All those store closures is welcome news to investors. Macys stock jumped 17 while kohls jumped 16 . Those gains helped all three major indices set new highs. Dow jones 18,613. Indeed edged up 24 points fin h finishing at 5258 and s p 500 closed at 2185 ....

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