Nov
12
Macy's Says It Will Trim Spending in '09
Posted in: Uncategorized
NEW YORK (AdAge.com) — Macy's today said it would be trimming next year's capital expenditures from $1 billion to between $550 million and $600 million, in response to the weak economy. It plans to realize savings by delaying store openings, limiting store remodels, reducing expense budgets and ordering less merchandise.
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