CLOSING UP Macy’s inching closer to 150 closures after sales plummet at struggling stores
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Aug 22, 2024
On Wednesday, Macy’s reported another quarterly decline as the department store revealed sales have grown weaker as they research consumer shopping behaviors. Earlier this year, the company was considering closing 150 stores. The chain said they’ll keep the locations open for now – but the brand is inching toward the closures as sales continue to drop. During the company conference call, Macy’s bosses said the retailer expects to close 55 stores this year, which is slowly moving up from the previous estimate of about 50 locations shuttering. Read more at The U.S. Sun.