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Macy's Is Closing Underperforming Stores as Its Turnaround Attempt Continues
MMacy's(M) Investopedia·2025-01-11 05:01

Key TakeawaysMacy's released an initial list of 66 "underperforming stores" it plans to close as part of a multi-year turnaround campaign, including its Philadelphia City Center and Downtown Brooklyn locations.The retailer, which has said it will shutter 150 years over three years, plans to invest more money into remaining stores.According to Macy's, the "Bold" plan is starting to pay off, with sales having improved for three consecutive quarters at stores that received fresh investment. Macy's (M) released ...