Submitted by leftylib on January 9, 2009 - 10:53am.
CHICAGO, Jan 8 (Reuters) - Macy's Inc (M.N: Quote, Profile, Research) said on Thursday it will close 11 stores that are performing badly in the recession as it also cut its quarterly profit and sales forecasts due to steep markdowns during the holiday season.
Update on Macy's
http://www.forbes.com/finance/2009/01/08/wal-mart-macys-pf-ii-in_pr_0108dividend_inl.html