Business

Macy’s to close its store at Cary Towne Center

Macy’s is cutting thousands of jobs after disappointing holiday sales.

The Cincinnati-based department store chain says sales fell 5.2 percent in November and December at existing stores. Warm weather and lower spending by international tourists hurt sales.

The company also listed Wednesday which 40 stores it would close. The list includes its 107,000-square-foot store at Cary Towne Center, which employs 63 people.

Macy’s had announced it was closing stores in September.

Macy’s said Wednesday that it now expects its profit for its fiscal fourth quarter and full year, which run through January, to fall short of its previous estimate.

It sees fourth-quarter earnings per share at $2.18 to $2.23, compared with the average analyst estimate of $2.56 per share.

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