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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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  1. Kering to acquire jewelry manufacturer Raselli Franco Group
  2. Exclusive Resorts purchases Inspirato for $59M
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  4. Savannah College of Art and Design debuts SCAD LUXE research center
  5. Lamborghini heads to French Alps for women-led driving series
  6. Ennismore picks Bangkok site for first-in-region SLS Residences
  7. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
  8. Follow @LuxuryDaily for the latest in luxury news
  9. Tariffs and their effect on luxury goods: Even the ‘de minimis‘ exemption is no more
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