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The Macy's stores set to close account for less than 10% of its sales, the company said. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for ...
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.
Macy's on Feb.27 announced plans to close 150 stores nationwide as part of a strategic realignment. The retailer aims to prioritize investments in its remaining 350 stores, with the shutdown of 50 ...
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 ...
As part of "A Bold New Chapter" for the company, Macy's intends to close more than 100 stores nationwide. Are any Georgia locations among them? Macy's to close 150 stores by 2026.
Macy's is closing 150 stores nationwide. Here's what we know so far about the moves by one of the country's largest department stores.
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 ...