WWD.com/retail-news/department-stores/macys-to-lay-off-2500-in-cost-cutting-moves-7343210
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department-stores

Macy's Trimming Costs; J.C. Penney Stock Sinks

Macy’s is planning cost cuts, including store closures, after an increase in holiday comps, while Penney's offered few specifics on the season.

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