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Retail

Bloomingdale’s parent Macy’s teeters on edge, furloughs almost all employees

March 30, 2020

Bloomingdale's flagship department store in New York. Image credit: Bloomingdale's Bloomingdale's flagship department store in New York. Image credit: Bloomingdale's

 

By Luxury Daily News Service

Macy’s Inc., owner of upscale department store chain Bloomingdale’s and its eponymous marque, has taken the drastic decision to furlough the majority of its employees across the United States as measures to stem the COVID-19 outbreak take a severe toll on retail.

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