Macy's will close about 150 department stores, but open new locations of better performing chains
Publishing timestamp: 2024-02-27 11:31:27
Summary
Macy's will close about 150 namesake stores and invest in remaining locations, while also opening new Bloomingdale's and Bluemercury stores. The changes reflect a focus on what is working best for Macy's, with plans to close underperforming stores and invest in more profitable ones. Macy's will also be opening smaller stores in suburban strip malls and focusing on improving customer service.
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Keywords: business news, business, breaking news: business, macy's inc, retail industry,
Source: https://www.cnbc.com/2024/02/27/macys-will-close-150-stores-open-new-bloomingdales-bluemercury.html