Merger Puts Retail Jobs in Jeopardy

The article talks about haw a merger can put retail jobs in jeopardy. The goal of a merger and acquisition is straight forward and simple, to improve the over all function and successes of the business. Orlando Veras a spokesman for Macy’s acknowledged: “We are trying to make the best of both worlds at the remaining store. The process has begun.” The company is doing everything possible to increase profit. That is why the article is talking about selling or closing unprofitable stores, and moving Macy’s into its space. Stores that are doing well are going to be renamed as Macy’s in the fall of 2006.

Acquisition- procurement, acquires, acquirement

Merger- two companies becoming into one

Monopoly- a market in which there is only one seller for a product or service

Consolidation- incorporate, unified, conjoint

Layoff- cutting dawn positions, terminate

From a business