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Recent Articles

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Morningstar: Macy's strategic plan to close 150 stores over next three years will give it some capital to refocus on its discount store Macy's Backstage, smaller concept stores; 'there's really no place for the traditional department store anymore'

Metsa Group’s Merikarvia sawmill, which has annual capacity of 220,000 m3, to close down by the end of June; change negotiations concern all 79 employees of the sawmill, but efforts will made to offer jobs at other production plants where possible

Tetra Pak to close its packaging material production in Jurong and consolidate the Singapore-based production into its other factories in the region; shift will take place over next 12 months

Chemical producer BASF reportedly implementing another cost reduction scheme because of low demand in Europe; move includes job cuts and shutdown of several chemical facilities

Macy’s to close 150 'underperforming' Macy’s stores nationwide over the next three years, while opening 15 Bloomingdales stores and at least 30 new Bluemercury locations; company says move 'challenges the status quo to create a more modern Macy’s'

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