Fox 5 New York
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Macy's closing stores as focus shifts
Posted
February 28, 2024
Views
21,572
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157
Comments
36
Engagement
0.89%
February 28, 2024
21,572
157
36
0.89%
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1:57Now PlayingMacy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end. The company made the announcement Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting areas and shoe departments, while adding more visual displays like mannequins. At the same time the company signaled a pivot to luxury, which has fared better overall.
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