The pink slips are flying at Macy’s following a holiday season clouded by warm weather.<br />The iconic department store announced plans on Wednesday to lay off about 4,350 employees across the country.<br />Macy’s said about 3,000 sales associates will be impacted, or about three to four per Macy’s and Bloomingdale’s location.<br />Another 1,350 employees in back office and service center positions will be impacted by the cost-cutting moves.<br />All told, Macy’s hopes to save about $400 million to help offset its “disappointing” 2015 results.<br />The company said sales in the critical November and December period slumped by a worse-than-expected 5%.<br />Like other retailers, Macy’s blamed the “historically warm weather” in northern climates.<br />Macy’s said about 80% of its sales declines can be attributed to shortfalls in cold-weather goods like coats, sweaters, hats, gloves and scarves.
