If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. Refer to Home Office Deduction and Publication 587, Business Use of Your Home, for more information.
CVS closing 200 stores. In an effort to restore long-term, double-digit earnings, drug store retailer CVS Corp. announced that it plans to close 200 of its 4,100 stores, close its North Carolina distribution center and improve its in-store service.
Macy's to Close 100 Stores Beginning Next Year to Refocus on Online. Macy's will be closing about 100 of its more than 700 stores across the U.S., the company announced today, as the company seeks to divert resources to its online operations. The majority of the stores will be shutting their doors early next year, representing the shuttering of about 14 percent of all locations. After the announcement, Macy's stock was up about 15 percent during the early hours of trading today.