Macy's To Shrink Stores And Staff

Macy's is shrinking the size of some of its less productive stores and cutting back on staff. CEO Jeff Gennette told The Wall Street Journal that he plans to cut down on merchandise so that these smaller locations require fewer employees. He also hopes that a more curated assortment will create a better shopping experience for the customer. Kohl's has used a similar strategy in the past to stave off store closings. Macy's has a drastic plan to boost sales in its less successful stores.