Macy's accelerates store closures, will shutter 65 stores this year
Macy's is accelerating its plan to close underperforming stores by the end of the year. The company plans to shutter 65 stores after the holidays.
Macy's adds to list of store closures, says it will close 65 this year
Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to eliminate roughly 150 underperforming stores over the next three years.
Macy's store closings: More stores expected to close by end of 2024, retailer says
According to Macy's, the additional store closures are in line with the retailer's plan for "accelerating luxury growth."
Macy's to close up to 65 stores after the holidays. What they're saying about Michigan
Macy's plans to close more stores than previously announced earlier this year, which could mean Michigan shoppers will be affected. According to the company's third quarter earnings report, the department store chain plans to close approximately 15 more locations after the holiday season,
Major department store to close 65 stores by January 2025, up from 50
The retail giant has not revealed which stores will close but notes the closures will happen post-holiday season.
Will the only Macy’s in Alabama be closing in 2025?
Some shoppers may have to drive out of state to go to their favorite department store as Macy’s is set to close 65 “unproductive” stores by the end of January 2025.
Macy's to close 15 more stores than planned, total of 65 to shutter by end of January 2025
Macy's revealed the news during a Q3 earnings call, which had been delayed after an employee was accused of hiding $151 million.
Macy's announces the closure of 65 stores after the holidays. Fate of Houston stores not yet known.
Department store Macy's CEO has announced the closure of 65 locations following the holidays. "We're encouraged by the pace and economics of our non-go-forward store deals. We now expect to close roughly 65 locations this year.
Macy’s is closing more stores nationwide: The list continues to grow
Macy’s is expanding its number of store closures nationwide from 55 locations to 65 locations by the end of Fiscal Year 2024. The increase comes as part of the company’s cost-saving initiatives and “A Bold New Chapter,
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