Macy’s Inc., an American department store chain, said it would shut some stores and cut jobs, starting early 2016. Macy’s said it is expecting to make about $400 million in savings starting this year. The company also cut its full-year 2015 earnings forecast to $3.85-$3.90 per share, excluding charges taken for the cost savings program, from $4.20 to $4.30.
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