Macy’s Inc. is closing its downtown Cincinnati headquarters, which has 500 employees, the Business Courier has learned.

The company’s headquarters will be in New York City. Some of the employees will be relocated within the region and elsewhere, while other jobs are being lost.

Employees were informed Tuesday afternoon.

Atlanta Business Chronicle reported Monday that Macy’s could be on the verge of announcing a major expansion of its technology division in Atlanta.

Macy’s (NYSE: M) has slowly…

Atlanta Business Journal
Macy's moving headquarters to New York City