Macy's to close stores, lay off 2.5K; up 5% AH

|About: Macy's Inc. (M)|By:, SA News Editor

Macy's (M) is up 5% after-hours after guiding to FY15 EPS of $4.40-$4.50 vs. consensus of $4.36, and announcing a number of store closings and 2.5K layoffs. The cost savings are expected to be $100M per year, beginning this year.