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The Macy's stores set to close account for less than 10% of its sales, the company said. Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the ...
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.
August 12, 2024 at 2:12 PM. Macy’s is trimming its locations as department stores and malls alike dwindle. Macy’s decision to close nearly a third of its stores will spark change in malls and ...
The company is focusing on upgrading the first group of 50 Macy's namesake stores, which will act as “incubators,” Spring told The AP. Macy's had a quarterly loss of $71 million, or 26 cents per share. Adjusted for impairment and restructuring charges, Macy's earned $2.45 per share, topping Wall Street projections for $1.98, according to ...
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.
PROVIDENCE − The national retailer Macy's announced on Tuesday that it will be shutting down a total of 150 stores, or 30% of its 493 locations, with 50 of those slated to close by the end of ...
On Tuesday, Macy's announced its 2023 earnings, as well as plans to close 150 underperforming locations — including 50 by year-end. The company will be left with roughly 350 locations, or what ...
Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus on luxury sales.