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Macy’s raises about $4.5B in financing

Macy’s, Inc., has announced closing on approximately $4.5 billion in financing, which the department store chain expects will provide sufficient liquidity to address its...

Massive layoffs at Macy’s, Kohl’s, Gap, Bridgeport bakery, Mystic Seaport

Bridgeport’s Lecoq Cuisine Corp. has laid off 181 workers. “Although this action may be temporary, given the uncertainty created by this pandemic, this separation may be permanent,” according to Chief People Officer Laura Brown.