Unemployment and martinis

Macy's will now operate under one company headquartered out of Cincinnati, Ohio and New York City. Macy's West, East, Central and Florida are now streamlined under Macy's Inc. February 1st marks the first day of the new fiscal year for Macy's Inc. and also the last day of Macy's West.

The restructuring of Macy's Inc. resulted in 7,000 job losses across the United States effective May 1st. The New York Post recently published an article with the following quote:

"Macy's divisions are like martinis," one top industry executive told The Post. "Four is too many. Two makes you feel good. But one is probably the best idea."