Macy's will officially close between 35 and 40 stores in early 2016.

USA Today reports, that the department chain giant will shut down close to 5% of its stores that are underperforming come early in the new year.  The list of stores closing will be released at a later date.

Macy's operates 770 stores in 45 states.  Employees at the stores that will close will be offered positions at nearby locations. The workers who will loose jobs due to the closing will be offered a severance package from the company.

Macy's is one of my wife's favorite places to shop especially during the holidays. Check back for updated info on the stores that will be shut down.

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