Macy's Inc

Consumer Confidence Declines on Concerns over Jobs and Politics, According to Conference Board

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Consumer Confidence Declines on Concerns over Jobs and Politics, According to Conference Board

Consumer Confidence Declines on Concerns Over Jobs, Politics Consumer confidence slipped in February as worries escalated over a potential labor market slowdown and a tumultuous political environment, according to a Conference Board gauge released Tuesday. The board’s Consumer Confidence Index moved down to 106.7, below the downwardly revised 110.9 in January and off the Dow … Read more

Macy’s to Close Department Stores and Cut 2,300 Jobs as Companies Seek cost Reductions

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Macy’s to Close Department Stores and Cut 2,300 Jobs as Companies Seek cost Reductions

Major Companies Implement Job Cuts and Cost Reduction Measures Amid Volatile Economic Climate In response to ongoing economic challenges and evolving consumer behavior, several major companies have initiated cost-cutting and workforce reduction measures. As businesses seek to adapt to changing market demands, pressing economic concerns have put pressure on companies to optimize their budgets and … Read more