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The department store chain has announced plans to close approximately 150 stores across the country through 2026, including 50 locations this year alone. Macy's described the stores set to be ...
The Macy's store on Herald Square is seen on Jan. 19, 2024, in New York City. (Michael M. Santiago/Getty Images) (Michael M. Santiago via Getty Images) Many are speculating what the future could ...
Macy's Inc., the iconic New York City-based department store chain and sponsor of its namesake Thanksgiving parade, plans to close 150 stores over the next three years.
On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were set to close in 2024 alone, including the iconic Macy's San Francisco flagship store.
A List of Macy's 2024 Store Closings Including the store closures announced in January, here is a list of the Macy's stores facing closure this year. Note: This list will be updated as more store ...
However, Macy's recently rejected a takeover offer, saying it undervalued the firm. Wall Street's immediate reaction to Tuesday's announcement was negative, with shares trading more than 2% lower ...
The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years. By 2026, it will have just 350 Macy’s stores, the company announced.
Macy's expects a similar hit of $50 million for employee termination charges in the current fiscal year. It said about 50 stores would close in 2024, with the balance to shut down over the next ...
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