CBS This Morning: Macy's Cuts

The largest department store chain in America is closing 125 stores and cutting 2,000 jobs. Macy's is making the cuts in an effort to end a yearslong slump, though it's unclear how many total jobs will be affected once retail workers factor into the final count.

The largest department store chain in America is closing 125 stores and cutting 2,000 jobs. Macy’s is making the cuts in an effort to end a yearlong slump, though it’s unclear how many total jobs will be affected once retail workers factor into the final count. I joined CBS This Morning to break down the implications of the retail giant’s massive move.