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R H Macy Co

BUSINESS
May 21, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
In an attempt to stem its mounting losses, R. H. Macy & Co. said Wednesday that it will close seven poorly performing Macy's department stores, most of them on the East Coast, and the Bullock's in La Habra. The closings, to be completed by Aug. 1, will result in the layoff or reassignment of 1,850 workers and change the face of some communities in which the stores are important retail assets.
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BUSINESS
March 18, 1992 | From Associated Press
R. H. Macy & Co. Inc. reported a $671.6-million second-quarter loss Tuesday, reflecting the famous retailer's dismal Christmas and the disruptive uncertainty that helped push it into bankruptcy court. The privately held department store company said sales in the quarter ending Feb. 1 fell 6.4% to $2.05 billion from $2.2 billion in the same period a year earlier. That left debt-burdened Macy's without enough money to pay suppliers.
BUSINESS
March 6, 1992 | STUART SILVERSTEIN, TIMES STAFF WRITER
Launching its first major retrenchment since seeking bankruptcy court protection, R. H. Macy & Co. announced Thursday that it will close nearly 60 stores, including three I. Magnin locations in California. Separately, in a sign of a possible power struggle at Macy's, Chairman Edward S. Finkelstein denied a report that Vice Chairman Myron Ullman III had been designated to succeed him.
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