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The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.
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Temporary store closures during the pandemic hammered nonessential retailers, including Kohl's, T.J. Maxx and Victoria's Secret. Shoppers also dramatically cut back on buying clothes.
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The department store chain says it's eliminating more than 10,000 jobs and will proceed with plans to close 68 stores that are part of 100 closings announced in August.