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February 27, 2024 at 11:00 AM. A Macy's department store in Bay Shore, Long Island, New York. Macy's will close 150 stores over the next three years as the department store company plans a “bold ...
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 ...
By 2026, Macy's says it will shut down 150 "underproductive" locations while prioritizing investments in 350 remaining stores. It says it will also close 50 stores by the end of 2024.
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 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 ...
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.
By 2026, Macy's says it will shut down 150 "underproductive" stores, or roughly 30% of all locations, while prioritizing investments in 350 "go-forward" stores. It says it will close 50 stores by ...
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. Macy's made the ...