Macy's Move to Close 11 Stores

I'm in the Philippines. But I still am affected by the thought of Macy's closing down some of their stores in the United States.

I feel for people who will be affected by this (somewhat) unforseen event. If the reason is to trim down the number of underperforming stores, this means that people are now starting to tighten their 'economic' belts and save money as much as they can.

Of course those affected employees can apply in other branches, but the emotional part of it will always echo in their minds. As much as we don't want to welcome recession, this is happening. All we have to do is to prepare for it as much as we can. Spend wisely and save your hard earned money.