American department store giant Macy's has announced plans to slash over 10-thousand jobs and close 68 stores due to slow sales growth and disappointing holiday shopping numbers.
The retailer says sales at its established stores fell 2.1 percent in November and December compared to the same period last year.
The 68 store closures are part of the 100 closures it announced in August.
The company says it plans to invest some of its savings in growing its digital business.
It also plans to make more investments into China in the future.