Dozens of Macy's stores are about to be shut down as the retailer launches a cost-cutting program.

While the company's Johnson City store at the Oakdale Mall will stay open, four other locations in New York and three in Pennsylvania are being closed.

Macy's has announced it is closing 40 of its 770 stores in an effort to save millions of dollars in operating costs.

The Macy's store in the Arnot Mall in Horseheads, which opened in 1995, is to cease operations in the early spring. The company said 79 people work at that site.

Other New York stores targeted for closing are in Kingston, Buffalo and Williamsville. Three stores in Pennsylvania will be closed.

The company said 306 people are employed at the affected New York locations and 345 at the Pennsylvania stores.

The 140,000-square-foot Macy's store in Johnson City is slightly larger than the Horseheads operation. The Oakdale Mall Macy's store opened in 2006.

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