Macy’s closing 96 additional stores, cutting 2,000 jobs

Retail giant Macy’s Inc. is closing 125 stores and culling 10 percent of its corporate workforce, representing 2,000 jobs.

Following closely on the heels that Macy’s (NYSE: M) is abandoning its Cincinnati headquarters, the department store giant announced that it will be closing 125 stores over the next three years, which includes the 29 stores announced earlier this year. Those stores represent about $1.4 billion in annual sales.

Macy’s characterized the stores it planned to close as its “least…