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Macy’s is in the middle of shuttering one-third of its department stores as part of an ambitious consolidation that will leave it with 150 fewer locations by the end of next year. Could the ...
the department store chain will close 150 “underproductive” stores and continue to invest in 350 other locations, officials with the company said. “Closing underproductive Macy’s stores to ...
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Must Read: Macy's to Close 66 Stores in 2025, Consumers Are Adopting More Cost-Conscious Shopping HabitsThis downsizing is part of the company's Bold New Chapter strategy announced in February 2024, which calls for closing about 150 underproductive stores and investing in 350 "go-forward" Macy's ...
Macy’s, Joann and CVS are among the major retailers announcing widespread store closures and job losses as the U.S. economy ...
TheStreet. For those of us old enough to have been shopping at malls for decades, it's been awfully strange to watch ...
Macy’s beat earnings estimates for the fourth quarter, but cut its 2025 profit outlook as tariffs complicate its turnaround strategy.
Macy’s beat Wall Street expectations for the first quarter but lowered its profit outlook for the full year, citing a tougher retail environment and tariff-related uncertainty.
Macy’s said previously that it would close 66 stores, mostly in the first quarter. “The 2.0% dip in comparable sales is below market growth but is not entirely unexpected,” Saunders wrote.
They have lost about 28% of their value this year as of last close ... Bloomingdale's have also helped ease the hit on the company's namesake label. "The remodeled Macy's stores are performing ...
Macy’s said previously that it would close 66 stores, mostly in the first quarter. “The 2.0% dip in comparable sales is below market growth but is not entirely unexpected,” Saunders wrote.
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