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 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 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
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 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 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 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 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."
Macy's to shut down dozens of stores after holiday; could some be in Bucks County, Montco?
Macy's is fast tracking more store closures than planned in the coming weeks, soon after the holidays. Here's what to know ...
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 ...
Detroit Free Press5d
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 ...
WKYC32d
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 ...
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s profit and sales declined in the third quarter as the department store chain wrestled with cautious spending amid ...
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal ...
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 ...
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 ...