May Department Stores of St. Louis is scaling back. May has announced it will close 34 stores, mainly Lord and Taylor stores in the south. The move will cost 3,700 workers their jobs. Executives with the department store chain, which includes Famous-Barr, Filene’s and Hecht’s, says the move will save the company $50-Million a year. The company says it wants to focus on Lord and Taylor’s core markets in the Northeast and Midwest. Stores in the St. Louis Galleria and West County Center in Des Peres will remain open.
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