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Macy's aims to close 150 "underproductive" stores over three years, while investing in the 350 locations it has deemed worth continuing to operate as part of its "Bold New Chapter" strategy ...
Macy’s is closing more than five dozen store locations across the United States as part of the company's ongoing reorganization strategy.. The retailer confirmed Jan. 9 that it was shuttering 66 ...
Macy's still plans to close a total of about 150 underproductive stores, while investing in its 350 current Macy’s locations, through the company's 2026 fiscal year, which ends Jan. 30, 2027 ...
Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to ...
"We now expect to close roughly 65 locations this year," said Macy's CEO Tony Spring in the earnings call. "In line with our typical cadence, closures will occur post holiday."
The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy's locations in 2021 and 28 locations in 2020. In January, Macy’s announced it was laying off about ...
In August 2006 the store was converted to Macy's, operated by the Macy's East Division of Federated Department Stores Inc., now Macy's, Inc., which acquired May in late 2005. The New York Wanamaker's store on Broadway had retail space occupied by Kmart by 1996, and later Wegmans (2023).
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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