Minneapolis, Minnesota: Macy's fired 400 people today.
Originally the stores were called Dayton's, then Dayton-Hudson's, then Dayton-Hudson-Marhall Fields - and finally Marshall Fields, until Target Corporation sold the department stores to May company, which in turn was bought out by Federated Department Stores - which owns Macy's. Aside from losing a dedicated customer base - Federated is now cutting their loses and getting rid of long term, highly paid employees. (Federated now goes by the name, Macy's Inc.)
For months the company has been telling long term employees there will be no more wage increases, they took away commissions from sales people, and have been quietly laying off personnel here and there. Many people did see the handwriting on the wall, yet, as in the case of one friend, who received a glowing review just two days ago, today's termination came like a sucker punch.
So there you have it - Macy's is cleaning house and most operations are moving to NYC.
Shop Nordstrom's instead.
And pray for the people who have lost their jobs.