Financial News

Macy’s Announces Furloughs

Bluemercury, Bloomingdales workers also included as retailer takes major hit during COVID19 outbreak.

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By: Christine Esposito

Editor-in-Chief

The COVID-19 outbreak continues to take a heavy toll on Macy’s, Inc. as its stores have been shuttered since March 18, and will remain closed until “we have clear line of sight on when it is safe to reopen,” the company said today as it announced plans to move “to the absolute minimum workforce needed to maintain basic operations” across its brands, including Bloomingdales and its skincare/beauty retail outlet Bluemercury.   The retailer’s digital business will remain open, however, the compan...

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