"Macy's Restructuring: Impact on American Department Stores and Urban Landscapes"
Macy's announced the closure of 150 stores and the layoff of over 2,300 workers, blaming economic pressures from online competition and discount stores. Labor expert Les Leopold criticized the company's prioritization of stock buybacks over investing in its workforce, arguing that this decision led to the layoffs. He called for action to address the issue of mass layoffs and job loss, noting the silence of both political parties on the matter.
