Weak freight demand triggers facility closures, job cuts across supply chain [Yahoo! Finance]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Yahoo! Finance
Since mid-January 3,147 freight and manufacturing job cuts have been announced. Weak consumer demand, excess capacity, contract losses and network consolidation have pushed shippers and logistics providers to shrink footprints, while manufacturers tied to industrial freight are cutting output amid slower order volumes and tighter capital conditions. Macy's fulfillment center — Owasso, Oklahoma (993 layoffs) Macy's Inc. will close its Owasso, Oklahoma, fulfillment center by the end of March as part of a broader effort to modernize and simplify its supply chain network. Employees were notified Jan. 8 that the facility — which opened in 2014 — will cease operations March 28. The 1.3 million-square-foot distribution center was designed to employ up to 1,500 workers but currently employs 993 people. Macy's said affected employees are being offered transfer opportunities where available, along with severance and transition support. Alton Steel — Alton, Illinois (253 layoffs) Al
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News
- Macy's (NYSE:M) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Major online department store liquidates in Chapter 11 bankruptcy [Yahoo! Finance]Yahoo! Finance
- Macy's Stock: Deep Value Opportunity or Classic Value Trap?? [Yahoo! Finance]Yahoo! Finance
- Is Macy's (M) Share Price Pullback Creating A Fresh Opportunity For Investors [Yahoo! Finance]Yahoo! Finance
- A Look At Macy's (M) Valuation After New Store Closures And Layoffs [Yahoo! Finance]Yahoo! Finance
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- M's page on the SEC website