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File - A man carrying a Macy's department store shopping bag waits at an intersection in San Francisco. The retailer announced that it will be closing its San Francisco tech offices and 125 of its stores.
Photo: Robert Alexander/Getty ImagesFile - A man carrying a Macy's department store shopping bag waits at an intersection in San Francisco. The retailer announced that it will be closing its San Francisco tech offices and 125 of its stores.
File - A man carrying a Macy's department store shopping bag waits at an intersection in San Francisco. The retailer announced that it will be closing its San Francisco tech offices and 125 of its stores.
File - A man carrying a Macy's department store shopping bag waits at an intersection in San Francisco. The retailer announced that it will be closing its San Francisco tech offices and 125 of its stores.
Macy's is planning some big changes.
The department store chain is reportedly closing 125 of its least productive stores over the next three years and shuttering its tech offices in San Francisco and the Cincinnati headquarters, resulting in the loss of some 2,000 corporate jobs, according to the Wall Street Journal.
More than 800 employees and about 200 contractors work in the San Francisco building at 680 Folsom, and eligible staff will be offered severance and given the opportunity to reapply for jobs that are being relocated in New York and Atlanta, according to Business Insider.
“We believe these changes will eliminate any duplication of efforts, bringing these teams closer to our business teams and strategy,” spokesperson Andrea Schwartz told Bloomberg.
Departments that are moving include Macy's Product and Digital Revenue, Macys.com and Macy's Technology.
Details on how many people in San Francisco will lose their jobs hasn't been released.
ALSO: Slurp Noodle Bar in San Francisco quietly closes after six years
The store closures represent about one fifth of Macy's current total. The stores, which include about 30 that are in the process of closing, account for $1.4 billion in annual sales. Macy's didn't specify how many jobs would be lost at the shuttered stores.
Macy's is also testing a new store format that's located at a strip center, instead of a mall.
This news comes as Macy's prepares for a meeting with investors in New York on Wednesday when the company is expected to share a three-year plan on how to grow, as more customers shop online.
SFGATE reached out to Macy's for comment and will update the story when we hear back.
The Associated Press contributed to this report.
Amy Graff is a digital editor with SFGATE. Email her: agraff@sfgate.com.
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