Pittsburgh Business Times

What Does Macy's Closure Mean For Downtown Retail?

Jul 14, 2015
jpellgen / flickr

  Macy’s announced the closure of their downtown Pittsburgh store yesterday, surprising many residents and setting the stage for a discussion on the future of large brick-and-mortar retailers in the city.  Before yesterday’s announcement, Macy’s, which had once been home to Kaufmann’s department store, had already been gradually cutting back their selling space.  The Pittsburgh Business Times has covered the story and explored what a closure might mean for downtown retail.  Reporter Tim Schooley shares his thoughts on today’s show.

Heinz Cuts Employees After Investment Firm Acquisition

Aug 14, 2013
Alex Abboud / Flickr

Global ketchup manufacturer H.J. Heinz Company recently announced a layoff of 350 employees in the Pittsburgh region. This follows a $28 billion acquisition by investment consortium Berkshire Hathaway and their affiliate 3G Capital.

The company has not yet disclosed how much the layoffs will save them. Pittsburgh Business Times manufacturing reporter Justine Coyne says cutbacks are not unusual during an acquisition, but because of Heinz’s historic connection with the city, many locals are hurting.