Republican presidential front-runner Donald Trump celebrated news that Macy's will shutter various stores and lay off roughly 4,500 workers as "another win for Trump."

According to The New York Times, the company announced on Wednesday that it will be undergoing major restructuring that was at least partly caused by slumping holiday sales. Overall, the company stated fourth quarter sales plunged by 11 percent compared to last year.

"The holiday selling season was challenging, as experienced throughout 2015 by much of the retailing industry," Terry J. Lundgren, Macy's chairman and chief executive, said in a statement.

Sources indicate around 80 percent of the company's sales declines can be directly attributed to a drop in demand for coats, sweaters, boots, hats, gloves and scarves.

Still, Trump called on supporters to boycott the company's 900 stores and blasted the retailer as a "very disloyal company."

Trump and representatives from the company had a major falling out shortly after he announced his intentions to seek the Republican presidential nomination and immediately castigated the Mexican government for sending rapists and murders across the border and into the U.S.

Macy's was one of several companies to instantly sever all ties with the bombastic real estate mogul after his comments were made public.

With the cuts, the company said it hopes to save up to $400 million a year. Macy's also plans to streamline its store operations from seven regions to five. As part of the cutbacks, the company plans to close its St. Louis-based call center.

In hopes of better competing with other discounters and fast fashion brands, the company added it plans to open roughly 50 offprice locations under the Macy's Backstage banner that was first introduced about a year ago. The move will add to the six discount stores the retailer has already opened across the New York City area.

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