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dollar crimped overseas sales and profits. A slowdown in shopping-center traffic has hastened the bankruptcy of retailers over the past year including Aeropostale Inc. and Pacific Sunwear of California Inc. Other chains, such as J. Crew Group Inc. and Claires, have delivered double-digit losses for bondholders. The debt exchange, which covers almost $800 million of existing securities, needs at least $400 million tendered to become effective. Claires has said it has commitments from outside investors for $333 million, and affiliated investors including Apollo have agreed to make up any shortfall by exchanging their holdings. Based on results through Sept. 16, $575 million of debt will be exchanged for about $179 million of new term loans, Claires said.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/articles/2016-09-19/claire-s-gets-waiver-amid-advanced-talks-to-salvage-debt-swap
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announced plans to hire approximately 83,000 seasonal associates at its Macys and Bloomingdales stores, call centers, distribution centers and online fulfillment centers nationwide for the holiday season. The companys 2016 hiring plans are flat compared to last year. The company announced a national holiday hiring day event, 2-8 p.m. Friday, Sept. 30 at Macys, Bloomingdales and Macys Backstage stores. Job seekers should apply at macysJOBS.com or bloomingdalesJOBS.com to explore positions and opportunities for on-site interviews. Most of the positions to be filled are part-time, with the potentlal for flexibility to fit the employees availability. Macys, Inc. is based in Cincinnati, Ohio. For more information, visit macys.com .
For the original version including any supplementary images or video, visit http://www.dailytribune.com/business/20160920/macys-announces-plans-to-hire-83000-seasonal-workers