By  on January 8, 2014

Even this holiday season’s winners are girding for fierce competition in the new year.

Macy’s Inc. on Wednesday implemented a series of cost-cutting moves, including five store closures, that are expected to result in the elimination of 2,500 jobs. The belt-tightening comes even as the company reported a solid holiday season, with a 4.3 percent increase in comparable sales for the November-December period. Without licensed departments, the increase was a slightly milder 3.6 percent.

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