Department store operator Macy’s will close some stores across the US By Reuters


(Reuters) – Department store operator Macy’s (NYSE: ) said on Thursday it would close 66 store locations as part of a strategy announced last year.

The company said it will invest in 350 “forward” Macy’s locations nationwide through fiscal 2026.

© Reuters. FILE PHOTO: The Macy's logo is pictured on the side of a building in downtown Los Angeles, California, US, March 6, 2017. REUTERS/Mike Blake/File Photo

The closures come months after the company announced it would close 150 “underproductive” stores over the course of three years as it struggles to recover after a lackluster 2024.

Macy’s stock has fallen more than 15% in the past twelve months and in December, the upscale retailer cut its annual profit forecast due to weak demand for its clothing and shoes.





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