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 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,
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 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, 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 to close up to 65 stores after the holidays. What they're saying about California
The increased closures are part of Macy's strategy to accelerate the closure of "non-go-forward stores" underperforming locations. The company remains committed to closing 150 underperforming locations by the end of 2026.
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 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.
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.
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Macy's to close 65 stores post-holiday as part of 'Bold New Chapter' strategy
TOLEDO, Ohio — In an earnings call presentation on Wednesday, retailer Macy's revealed that the company has increased the ...
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 ...
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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 ...
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 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 ...
Macy’s Has a 'Lush' $84 Plaid Sherpa Throw on Sale for $35, and Reviewers Say It’s ‘So Soft and Comfortable’
Sherpa blankets are ideal for the colder months of the year, and this throw from Woolrich is one of the cutest styles we've ...
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 mln
Macy's said on Thursday a re-evaluation of its financials showed that the department store chain's internal control, ...