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 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 Stores Closing Update: 65 Stores to Close Soon
In a surprising turn of events, the popular retail brand Macy's has announced that it will be closing 65 stores in the coming weeks. The 1858-founded store chain is particularly known for harboring a wide collection of fashion,
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."
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.
Macy’s Is Closing 65 More Stores—Here's When
In a third-quarter earnings call on Wednesday, Macy's chairman and CEO Tony Spring said the company will close 65 more underperforming stores by the end of January 2025, up from the 55 closures it previously planned by the end of its fiscal year.
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 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,
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. “At, this time there’s nothing really that we can say.
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,
Investigation Reveals Loan Wolf Ex-Employee Cost Macy’s $151 Million
Department store chain Macy’s has been forced to slash its annual profit outlook after discovering that an employee concealed ...
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and ...
Macy’s third-quarter profit and sales slide and so does its shares
Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert ...
Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles
Macy's Q3 results reveal sales of $4.74 billion, a 2.4% decline in net sales, and guidance adjustments following an ...
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years ...
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Macy’s Inc Q3 2024: Earnings exceed guidance, sales dip 2.4 percent
Macy’s Inc has reported its results for the third quarter of fiscal 2024. The department store group disclosed adjusted ...