COLUMBIA — Macy's Inc. released an outline of national initiatives to reduce costs by $100 million annually starting in 2014, in a Wednesday news release.
The Stadium Boulevard location in Columbia is not expected to close. Jim Sluzewski, senior vice president of Macy's Inc. Corporate Communications and External Affairs, said in an email he did not have any specifics regarding Columbia. A manager at the Stadium Boulevard location said the store was not making comments at this time.
It is currently unknown if there will be layoffs at the Stadium Boulevard location. Columbia's region will not be included in the new North Central Region, but it is unknown if Columbia will be affected by the redistricting the company is implementing.
The news release outlined the following changes:
- The Midwest Region and North Region will be combined into a North Central Region, reducing the number of regions to seven from eight.
- Nine existing stores districts are being consolidated with neighboring districts, reducing the number of districts to 69 from 60.
- Macy's stores will be reallocated within these new region and district boundaries to "equalize workloads and spans of control."
- Approximately 2,500 employees are expected to be laid off from their positions.
- Macy's plans to add positions in other areas of the company, keeping the national workforce approximately the same (175,000 associates).
- Five Macy's locations will close in early spring 2014 (including one in Florissant, Mo.).
- Five new Macy's locations are planned to open before fall 2016
After the changes, Macy's, Inc. will operate 844 stores in 45 states, the District of Columbia, Puerto Rico and Guam, according to the press release.
Supervising editor is Stephanie Ebbs