Macy's to close Texas city store, 97 jobs cut

Macy’s Inc. is laying off 97 employees as it closes its Texas City location.

The Cincinnati-based retailer is closing the store as part of the company’s process to prune underperforming stores.

The layoffs will occur between March 9 and March 22, according to documents from the Texas Workforce Commission.

The 151,000-square-foot store, located in the Mall of the Mainland, is expected to close in early spring.

A final clearance began on Jan. 8 and will run for approximately 10 weeks.

In conjunction with these store closings, an estimated $25 million to $30 million of costs will be booked in the fourth quarter of 2011.

Source: Biz Journals