Macy’s to close store in its home base
Macy’s will shutter its store at Fountain Place, in downtown Cincinnati, one of the two cities (the other is New York) where it operates corporate offices.
In a statement on Wednesday the department store said the decision to close the store came after a review of its nationwide real estate portfolio. Macy’s said the closing is one of the 100 planned closures that it announced in August.
The department store giant operates six other locations in the greater Cincinnati area. The company said that, wherever possible, it will place employees in good standing in open and available positions in a nearby store. Regular, non-seasonal employees that is unable to place at nearby locations will be eligible for severance, including outplacement resources.
In a statement on Wednesday the department store said the decision to close the store came after a review of its nationwide real estate portfolio. Macy’s said the closing is one of the 100 planned closures that it announced in August.
The department store giant operates six other locations in the greater Cincinnati area. The company said that, wherever possible, it will place employees in good standing in open and available positions in a nearby store. Regular, non-seasonal employees that is unable to place at nearby locations will be eligible for severance, including outplacement resources.