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Department store giant Macy's Inc. announced Monday that it will furlough the majority of its workforce of 130,000 as it grapples with the impact of COVID-19, which has ground sales to a halt.
Macy's (NYSE: M) made the announcement 13 days after it said it would close all 680 of its physical stores amid the coronavirus outbreak. Those stores will remain closed until the company has a "clear line of sight on when it's safe to reopen," according to a news release.
Macy's has a store at Coronado Center…
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Macy's to furlough majority of its 130,000 workers