crazyfirecrotch (crazyfirecrotch) wrote in ohnotheydidnt,
crazyfirecrotch
crazyfirecrotch
ohnotheydidnt

Corporate Greed: Macy's to Re Open



The retail industry, already facing significant challenges, has been battered by the covid-19 outbreak. Malls were already on the brink of extinction. Neiman Marcus Group Ltd. missed payments on some bonds this month, J.C. Penney Co. also skipped an interest payment and huddled with advisers, with bankruptcy among the options under discussion. Macy’s Inc., which has furloughed workers and shuttered stores, is exploring a rescue financing deal to shore up its liquidity. Macy's doesn't want to fold and will jeopardize it's workers health. They will re-open 68 stores in Georgia, Texas, South Carolina and Oklahoma.The stores, some of which are located in malls, will have reduced hours, from 11 a.m. to 7 p.m.

SOURCE= https://twitter.com/ThinknumMedia/status/1255897329758081024
Tags: covid-19
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