Macy's to cut 1,500 store-level jobs - Bloomberg

Thu Jan 28, 2010 3:12am EST

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Jan 28 (Reuters) - Department store operator Macy's Inc (M.N) is cutting 1,500 jobs effective March 6, Bloomberg reported, citing two people familiar with the matter.

The affected jobs are store-level positions, the people told the news agency.

Earlier this month, Macy's said it was closing five of its namesake department stores, affecting about 307 employees, as it pares underperforming locations. [ID:nN05219257]

Macy's could not immediately be reached for comment by Reuters outside regular U.S. business hours.

(Reporting by Shailesh Kuber in Bangalore;; Editing by Erica Billingham)

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