Macy’s plans to lay off thousands of retail workers in response to changing shopping habits in stores and online. The Cincinnati-based retailer has announced it will close 14 department stores in nine different states, but will open two new locations in the continental US and one in Puerto Rico, and will open two new Bloomingdale’s stores by late 2017.
In a press release late Thursday afternoon, Macy’s says its overall workforce of about 175,000 will stay nearly the same as it picks up staffing in other parts of the company.
The Affordable Care Act has drastically changed the way businesses shop for, fund and provide health insurance to their employees. And both small and large businesses face challenges in meeting the measuring, monitoring and reporting requirements of the ACA.
What can Wall Street learn from thriving small businesses on Main Street, and how do these businesses evolve successfully from their start-up roots? Those questions inspired three economists, Paul Oyer, Michael Mazzeo and Scott Schaefer, to take a road trip across America's heartland.