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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 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 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 ...
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
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 is located at the center of the mall while the other anchor stores and the food court are on corners of the mall. It is owned by PREIT . As of 2023, the facility has been cited among lists of " dead malls " in Pennsylvania, [ 3 ] although the Exton Square Mall Carnival remains a popular event. [ 4 ]
At least initially, the stock market's reaction to the news from Macy's seemed to be positive, or at least neutral. As of 11 a.m., the company's stock was up about 3.5%.
The mall lost power in late August 2018 due to owner not paying its PPL electric bill, but reopened the next day. [35] [36] [37] Lycoming Mall faced sheriff's sale in February 2019 due to unpaid bills from the Lycoming County Water and Sewer Authority. [38] The auction did not occur due to a partial payment by Kohan. [39] [40]