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Macy’s has announced it intends to close about 65 of its stores after the end of the holiday season. This number is 15 more than the company had originally planned for this period. In an ...
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The number of Macy's stores slated for closure by the end of the year has climbed again. "We now expect to close roughly 65 locations this year," said Macy's CEO Tony Spring in the earnings call.
The closures are part of Macy’s long-term strategy, announced earlier this year, to streamline its operations by closing 150 underperforming stores—around 30% of its total locations—by 2026.
Macy's is closing more stores than it originally announced earlier this year. According to the company's third quarter earnings report, the department store chain is expected to close 65 locations ...