Macy's announced that they will cut 5,000 jobs and close several stores as it seeks stability in a tumultuous climate for physical retail.
Here are the stores that will close:
Miami (Downtown), Miami
The Oaks, Gainesville, Fla.
Novato (Furniture), Novato, Calif.
Honey Creek Mall, Terre Haute, Ind.
Birchwood Mall, Fort Gratiot Township, Mich.
Fountain Place, Cincinnati
Burlington Town Center, Burlington, Vt.
The retailer also said Thursday it is moving ahead with four other store closures previously announced:
Laguna Hills Mall, Laguna Hills, Calif.
Westside Pavilion, Los Angeles
Stonestown Galleria, San Francisco
Magic Valley Mall, Twin Falls, Idaho
Liquidation sales are likely to begin Jan. 8 and continue for eight to 12 weeks.
Jack and Carolyn talked about it on the air. Listen here: