Macy's to close 15 more stores than planned, total of 65 to shutter by end of January 2025
Department store giant Macy's says it will close more locations than it had originally planned. The chain now intends to close 65 stores by the end of January 2025. In a Q3 earning call Thursday, Macy's CEO Tony Spring announced the company would close 15 ...
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 to close up to 65 stores after the holidays. What they're saying about Michigan
The increased closures are part of Macy's strategy to accelerate the closure of "non-go-forward stores," which are underperforming locations. The company remains committed to closing a total of 150 underperforming locations by the end of the 2026.
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 increases its list of doomed locations to 65 stores by the end of January 2025
With its net sales down 2.4% year over year, the retail giant is closing even more underperforming stores, Macy’s shared in an earnings call. Macy’s CEO Tony Spring said Thursday on a Q3 earnings call that the retailer will close about 65 locations by the end of January 2025,
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 ,” business strategy which launched earlier this year.
Macy's accelerates store closures this year
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling business. It is aiming to close 150 stores in three years.
Macy's to close up to 65 stores after the holidays. How many could be affected in Tennessee?
Macy's will be closing more stores than previously announced earlier this year. According to the company's third quarter earnings report, the department store chain plans to close approximately 15 more locations after the holiday season,
Macy's set to close dozens of stores after the holidays. Is Sacramento on the list?
Macy's announced it will be closing around 65 locations after the holidays, around the time the department store's fiscal year ends.
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."
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 Probe Found Employee Acted Alone in $151 Million Accounting Scandal
Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup ...
The Macy’s accounting disaster: CIOs, this could happen to you.
When Macy’s on Wednesday reported more details about the “hiding” of $151 million, it became clear their accounting controls ...
Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small ...
Detroit Free Press4d
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
A Macy's employee is being accused of hiding $151 million in delivery expenses over a nearly three-year period, but despite ...
Houston Chronicle2d
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 ...
Macy's gives update on employee who hid $151M
Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and ...
Macy's says internal control not effective after employee made entries to hide $154 million
Macy's said on Thursday a re-evaluation of its financials showed that the department store chain's internal control, ...