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Macy's announces unexpected closure ahead of holiday season

Macy's has faced persistent sales declines in recent years, prompting the retailer to launch an ambitious transformation plan aimed at regaining customer loyalty and achieving sustainable, profitable growth. As part of this effort, the company has been consolidating operations by closing dozens of stores and laying off hundreds of corporate and retail employees. With the holidays and seasonal sales fast approaching, i.e., the busiest time of year for the retail industry, most retailers are preparing by h ...