A Major Retailer Will Close Five Mall Anchor Stores And Cut 3.5% Of Jobs
Macy’s unveiled a strategic restructuring strategy as a major step in reviving its image and adjusting to the constantly shifting retail scene. The venerable department store chain plans to close five of its full-line locations and reduce staff by 3.5%. This occurs as incoming CEO Jeff Gennette’s successor, Tony Spring, a new leader with new ideas, gets ready to assume over.
A corporate spokeswoman acknowledged the employment reduction, citing the necessity to become a more nimble and efficient organization in order to meet changing market and customer needs. This action is in line with Macy’s resolve to maintain its leadership in the cutthroat retail sector.
It is noteworthy that activist investors hoping to profit from Macy’s real estate holdings had made a bid that the retailer had been considering. Tony Spring will soon take over as CEO, thus this reorganization may indicate that Macy’s will once again prioritize its core competencies and long-term growth plans.
The outgoing CEO, Jeff Gennette, had earlier stated that the major shop reductions that had been going on since 2016—which included the closure of over 170 locations—had come to a stop with the announcement of the closures a year ago. Analysts for the sector have speculated that there may be more closures to come.
Increased presence in smaller, off-mall sites is one of Macy’s proactive efforts. In order to accommodate changing consumer tastes, executives have stressed the significance of striking the correct balance between in-store and off-mall establishments. Five full-line stores will be closed in the upcoming year as part of a broader initiative to maximize Macy’s shop portfolio.
The first publication to report on these changes was The Wall Street Journal, which referenced an internal memo to staff members that disclosed intentions to remove some 2,350 corporate roles in the upcoming month. Initiatives like supply chain automation, outsourcing, and quicker decision-making procedures targeted at boosting competitiveness and efficiency are predicted to be the main drivers of these reductions.
Apart from shutting down its locations, Macy’s is also planning to sell and move two of its furniture stores. This calculated move demonstrates Macy’s dedication to maximizing its asset base and reallocating funds where they will have the biggest impact.
The Macy’s anchor stores in the impacted malls—which are situated in Virginia, Florida, Hawaii, and California—will close. Although there may be some short-term interruptions, this is in keeping with Macy’s goal of building a network of stores that is more dynamic and effective.
Macy’s is setting out on this revolutionary journey with a conservative mindset, intent on upholding its heritage while adjusting to the reality of the new retail environment. Tony Spring’s new team is well-positioned to lead the business into a more promising future and maintain Macy’s position as a mainstay of American retail.
It will be interesting to watch how these developments pan out and how Macy’s redefines its position in the cutthroat retail market as this retail behemoth keeps changing. Watch this space for further information about Macy’s makeover and its attempts to remain competitive in the retail industry.
I Caught My Ex-MIL Stealing My Shower Cabin and Ripping off Wallpaper Her ‘Son Had Glued’
After a problematic marriage, Kelly and Peter get divorced. But her ex-mother-in-law just doesn’t want to let things go. From ripping off wallpaper to stealing an entire shower cabin, Lorraine just keeps testing Kelly’s patience until reality hits, and Lorraine learns her own lesson.
I’m Kelly, and I’ve been divorced from my ex-husband, Peter, for about six months now. We were married for ten years, and while the marriage wasn’t perfect, it was my life.
Until I found out about his affair.
That was the last straw, and everything came crashing down. The divorce was messy and painful, and to top it off, I had to deal with his mother, Lorraine, who was a nightmare in human form.
A woman sitting on a couch | Source: Midjourney
Lorraine never liked me. Even when we were married, she made it perfectly clear that I wasn’t good enough for her son.
“I’m just being honest with you, Kelly. Peter is used to a certain way of life since being with me. I’m his mother, and I taught him that perfection is the only option here. You’re… I mean. Let’s face it, doll. You’re far from perfect.”
When Peter and I split up, she went out of her way to help him get as much as he could from me. Money, property, some of my wedding jewelry, you name it. If it was valuable, she made sure that I lost it.
A woman’s jewelry box | Source: Midjourney
I kept telling myself that once the divorce was over and Peter moved out, I’d finally have peace.
But the peace didn’t last.
One day, I came home from work early because I had a headache from staring at my laptop all day, and I was exhausted, ready to collapse, only to stop dead in my tracks in the hallway outside my apartment.
Sitting there, in the common corridor, was my shower cabin. It had a big, bold “Peter’s Property” sticker plastered across it as if I might somehow forget who it belonged to. My stomach sank.
A woman standing in the doorway | Source: Midjourney
What the hell was going on?
When I stepped into my apartment, I was hit by a cloud of dust and ripped wallpaper. The walls were half-bare, and I heard a ripping sound coming from down the hallway. Turning the corner, I came face-to-face with Lorraine, my ex-mother-in-law, tearing the wallpaper right off my walls.
She muttered under her breath about how she didn’t want to leave any “traces” of Peter’s work.
A pile of ripped wallpaper | Source: Midjourney
“What the hell, Lorraine?” I demanded, pushing my way into the kitchen, the only place untouched by her hands.
Lorraine looked up at me, not even flinching.
“This is all his work,” she said with that haughty tone she’d perfected over the years. “He put up this wallpaper, so it’s his to take down. And the shower cabin, it’s coming with us too. We’re not leaving anything for you.”
An angry older woman | Source: Midjourney
I was stunned. How low could they go? I’d already been drained emotionally by the divorce, and now this?
I felt helpless, watching her tear apart my home, muttering the whole time about how Peter “wasn’t leaving a single thing behind” for me. She was ripping wallpaper, unplugging light fixtures, and muttering about every single piece of the apartment that Peter had once touched.
“Lorraine,” I said. “Please, just stop. This is unfair…”
An upset woman | Source: Midjourney
But she didn’t even look at me. She just kept on, pulling down wallpaper and yanking at the shower frame. I felt a familiar lump rising in my throat. I was tired, too tired to fight anymore, so I just slumped onto the couch feeling numb and defeated as I watched her continue her destruction.
The next day, just when I thought things couldn’t get any worse, Lorraine stormed back into my apartment. This time, though, she wasn’t there to take anything; she was there for help.
An upset older woman | Source: Midjourney
“Kelly,” she cried, grabbing my arm with a desperation I’d never seen in her before. “You have to help me. Please. I’ll give you anything. Just… please help him.”
I blinked at her, confused.
“Help who? What are you talking about?”
“Peter!” she wailed, her voice breaking. “He’s in trouble. I don’t care what it takes. Please, you have to save him.”
A crying older woman | Source: Midjourney
I pulled my arm free.
“Lorraine, what are you talking about?”
She looked at me, her eyes wide and pleading.
“Peter had an accident. A really terrible one. He was out drinking, and it was late. It’s really bad, Kelly. He’s hurt. Please, you have to help him.”
A car accident | Source: Midjourney
A pang shot through my chest. Peter, the man who had cheated, manipulated, and broken me, now needed my help?
A tiny voice in my head whispered that I should help him, that it was the right thing to do. But then the memories of all he’d done to me resurfaced — all the lies and manipulation.
He’d torn apart my life, and now he was paying the price.
A man in a hospital bed | Source: Midjourney
Wasn’t that fair? Wasn’t it poetic justice in a way?
I looked back at Lorraine, who was practically on her knees.
“I’m not saving Peter, Lorraine. He made his choices. He’s finally dealing with the consequences of his actions. It was his drinking that made things really unpleasant for us. It brought out the worst in him. And you want me to get involved again?”
A woman sitting on a couch | Source: Midjourney
Her face twisted with anger and her mouth set into a tight line.
“You’ll regret this, Kelly,” she hissed. “You have no idea what you’re dealing with.”
I crossed my arms and met her gaze.
“No, Lorraine, I think you’re the one who’ll regret it.”
An angry woman | Source: Midjourney
The days that followed were filled with rumors. I heard bits and pieces about Peter’s accident, about how he’d been drinking, how he was lucky to be alive, apparently. But his recovery was rough. He was in debt, and things were piling up.
I felt a mix of relief and anger. Finally, Peter was facing something that he couldn’t charm his way out of. I decided to go to his place. I mean, I was done with Peter, but I wasn’t heartless. I just wanted to see what he looked like in the aftermath of it all.
“Come in,” he called as I knocked on the front door of Lorraine’s house.
A woman standing on a porch | Source: Midjourney
At least she wasn’t home. I didn’t want to see the satisfaction on her face. To Lorraine, it would look like I wanted to help, as though I couldn’t help myself and couldn’t stay away from Peter.
“Kelly?” he enthusiastically said when he saw me.
“Peter,” I said, taking in the room.
A man on a couch | Source: Midjourney
It was a far cry from the strict house that Lorraine usually kept. Instead, there were containers of Chinese food lying around, discarded bottles of water, chocolate wrappers, and dirty mugs. Peter had really taken Lorraine’s house and made it a mess.
“I can’t believe you’re here,” he said, lying on the couch. “I need some help, Kelly. I need my hospital bills to be paid as soon as possible. Can you do it? Please? They’ll take my car!”
“Seriously, Peter?” I asked. “I just came to make sure that you were okay physically. I’m not about to sort your life out. I’m not spending a cent on you.”
Mugs and bottles on a coffee table | Source: Midjourney
“Then why bother to come here?” he demanded.
“I don’t know, but clearly it was a mistake,” I said, turning around and leaving without another word.
Then, about a week later, Lorraine showed up at my door again. She wasn’t the same person who’d stormed in before. Her shoulders were slumped, her eyes tired and haunted. She looked like a woman who’d aged ten years in a matter of days.
A woman standing in a living room | Source: Midjourney
“Kelly,” she began, her voice barely a whisper. “I know I don’t deserve it, but… but I came to apologize.”
I didn’t say anything. I just put the kettle on and allowed her to keep talking.
“I was wrong about Peter,” she said, tears streaming down her face. “He’s not the man I thought he was. He ruined everything, and he pushed everyone away. I thought I was helping him all these years, but I was only making things worse.”
An upset older woman | Source: Midjourney
A part of me felt a glimmer of satisfaction seeing her so defeated. But then I noticed the genuine grief in her expression, the regret she could no longer hide.
She wasn’t just devastated about Peter’s actions; she was grieving the son she thought she had. The realization was so clear: he had been just as manipulative with her as he’d been with me. Lorraine had been caught in his web of lies, just like I had.
An upset older woman | Source: Midjourney
At that moment, something inside me softened. Lorraine wasn’t just the bitter woman who had fought against me during the divorce. She was a mother, broken by the son she’d devoted her life to.
Still, I didn’t really want to allow myself to get back into their lives. So, I invited Lorraine to stay for dinner. At least I could give her a decent meal before she went back to Peter.
Food on a table | Source: Midjourney
Months later, I received a short, handwritten letter from him. It wasn’t an excuse; it was an apology.
Kelly, I’m so sorry for everything. For betraying you, for the pain I caused. I’m working on myself now, trying to figure out who I am without all the lies. I don’t expect forgiveness. I just want you to know that I’m trying.
It was strange reading those words. But I got a sense of closure that I’d thought I’d never get.
A woman reading a letter in a kitchen | Source: Midjourney
What would you have done?
If you’ve enjoyed this story, here’s another one for you |
I Came to My Wedding and Saw My Mom in a Wedding Dress with a Bouquet
Ever since Nicole began planning her wedding, her mother had gotten very involved. When Nicole asks her to take a step back, she does so. But on the big day, her mother shows up in a wedding dress after mysteriously receiving a call instructing her to. Nicole is left fuming when she discovers who has preyed on her mother’s feelings, ensuring she will destroy them.
When Peter and I got engaged, I promised myself that the wedding planning would be smooth and easy.
A man proposing | Source: Pexels
Growing up, I wasn’t like the other girls who spent their time daydreaming about their weddings. I just knew that it would eventually happen one day, and I would need cupcakes at my wedding reception.
That was it.
A little girl playing dress up | Source: Pexels
So, I always knew that when it came to the actual event, I would need my mother to guide me.
This work is inspired by real events and people, but it has been fictionalized for creative purposes. Names, characters, and details have been changed to protect privacy and enhance the narrative. Any resemblance to actual persons, living or dead, or actual events is purely coincidental and not intended by the author.
The author and publisher make no claims to the accuracy of events or the portrayal of characters and are not liable for any misinterpretation. This story is provided “as is,” and any opinions expressed are those of the characters and do not reflect the views of the author or publisher.
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