Macy’s store closures: a necessary step or the wrong move?
Inside Retail
FEBRUARY 27, 2024
This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. Where did Macy’s go wrong?
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