RETAIL EARTHQUAKE: ALL THESE BIG-NAME STORES CLOSING Macy’s, JCPenney, others laying off hundreds of thousands of employees

r-MACYS-Christmas is over. Now get out. That was the word this week as two of the nation’s giant retailers announced to employees and shoppers the closings of dozens of stores.

Macy’s is closing 14 of its 790 stores across the country. JCPenney is closing 39 of its stores and laying off 2,250 workers. MORE