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Macy's to lay off 2,500 workers, close 5 stores nationally

Macy's to lay off 2,500 workers, close 5 stores nationally

NEW YORK -- Retailer Macy's will lay off approximately 2,500 workers as it restructures its business, it said Wednesday afternoon.

The layoffs and other cost-saving changes are expected to to generate savings of about $100 million beginning this year, the company said in a press release.

"We have identified some specific areas where we can improve our efficiency without compromising our effectiveness in serving the evolving needs of our customers," said CEO Terry Lundgren in that press release.

The retailer will close five Macy's stores in early spring 2014. The stores that will close are in Fiesta Mall, Mesa, Ariz.; Metcalf South Shopping Center, Overland Park, Kansas; Jamestown Mall, Florissant, Mo., Medley Centre, Irondequoit, N.Y.; and Fashion Place Mall, Murray, Utah.

It will also combine its Midwest Region with its North Region to create a new North Central Region.

Macy's has eight stores in metro Atlanta.

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

With all the hype and Black Friday campouts at Best Buys and Toys R Us, you'd guess that the majority of holiday shopping budgets go to purchases like electronics, toys and clothing. But according to new research, the biggest share what comes out of your holiday wallet actually goes to ... groceries and restaurants.

New data from Card-Linked Marketing leader Cardlytics -- collected from millions of U.S. households over the past two years -- shows what consumers actually spend their money on during the holiday season.  When it comes to holiday shopping Americans are spending 24% of their budget on groceries followed by restaurants and apparel.  Toy purchases are actually at the bottom of the list.

The Top 10 Share of Wallet (see link/attached for graphics and pie charts for 2011 and 2012 holiday spending):

1. Groceries - 24%

State Farm brings national hub to Perimeter

DUNWOODY -- State Farm Insurance Company is expanding its operations in Metro Atlanta with a national operations center in Dunwoody that will join two other hubs in Dallas and Phoenix.

The new facility will be built on a nearly four-acre site at Hammond Drive and Perimeter Center Parkway, across from the Dunwoody MARTA station.

State Farm is not saying much publicly about a major expansion, but it's putting Dunwoody on its national map with a major customer service and claims center.

Along with the expansion will be a substantial number of new jobs.

The Insurance Carrier already has more than 3,500 employees in the Metro.

The expansion is coming as a boon to Dunwoody business development.

The City's Economic Director calls the State Farm plan a core for development of a corporate campus along the Perimeter, providing quick access to the Dunwoody MARTA station and major Interstates.

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

ATLANTA -- LittlePINKBook.com, America’s No. 1 digital platform for career women, will host its 9th Annual Fall Empowerment Event on Tuesday, Nov. 12. Top-level female executives will share their experiences with rising through the corporate ranks to an audience of like-minded, successful women motivated to get there.  

Executives on the panel will be asked questions from the event’s moderator, Carol Costello, anchor at CNN Newsroom, Little PINK Book’s CEO and Founding Editor Cynthia Good as well as attendees. Panelists include:

Atlanta's Best Places to Work honored

Atlanta's Best Places to Work honored

(ATLANTA BUSINESS CHRONICLE) -- So where are the best jobs in metro Atlanta?

On Sept. 13, Atlanta Business Chronicle named the 2013 Atlanta's Best Places To Work during a sold-out event at the Grand Hyatt Atlanta in Buckhead.

Each year, Atlanta Business Chronicle in partnership with Quantum Workplace surveys the metro area's employers to find those that have discovered how to become one of Atlanta's Best Places To Work.

This year more than 560 companies and organizations were nominated and more than 400 participated in the surveys.

Quantum used analytical tools to rank the top employers in three categories: the top 10 in the large employer category (501 employees or more in the metro area), the top 30 in the medium employer category (101 to 500 employees) and the top 60 in the small employer category (10 to 100 employees).

fab'rik founder shares her passion for fashion

fab'rik founder shares her passion for fashion

ATLANTA -- Many people dream of being their own boss, but struggle to make the leap.

Twelve years ago, Atlanta native Dana Spinola gathered the courage to turn her lifelong passion into a profession and opened her first clothing boutique, fab'rik.

"I get up early. I stay up late. My mind is always working," she said.

And it's perfectly understandable. Spinola has had a lot on her plate since starting fab'rik. She has since opened 21 boutiques and franchises. Her mission has always been frugal fashion -- less than $100 -- in a fun, inviting boutique environment.

Being your own boss can seem liberating, but many who make that leap say they end up working even more.

Sad day for Atlanta couponers: The end of Kroger double coupons

Sad day for Atlanta couponers: The end of Kroger double coupons

ATLANTA -- The wave of couponers' cries heard in the Midwest and Texas has finally hit the Southeast!

For years, we have enjoyed the everyday doubling of coupons $0.50 and less. We got FREE items because of this great policy and it made handling an almost impossible budget easier for us couponers and savvy shoppers.

While I am not saying that this will hurt us (I will be posting some other things Kroger is doing), it does have me wondering -- in this competitive Atlanta market, where we use more coupons per capita then ANYWHERE in the US -- how will this fare? Will Publix jump on the bandwagon?

The end of double coupons becomes effective September 21, 2013. For this couponer, I will be having to double check my shopping list with this new rule. It's not fun, but a lot of new things are coming from Kroger, and I think this is why the program of double couponing is ending.