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The department store chain has announced plans to close approximately 150 stores across the country through 2026, including 50 locations this year alone. Macy's described the stores set to be ...
Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers.
The credit card business has long been a pure profit center for a retailer like Macy's. Per data from Citi analyst Paul Lejuez, Macy's credit card business hauled in $863 million in sales last ...
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
On Tuesday, Macy's announced its 2023 earnings, as well as plans to close 150 underperforming locations — including 50 by year-end. The company will be left with roughly 350 locations, or what ...
According to Macy's, plans call for closing 150 unproductive locations, including 50 by the end of the fiscal year. The company said it will prioritize investment in 350 remaining locations while ...
Macy's expects a similar hit of $50 million for employee termination charges in the current fiscal year. It said about 50 stores would close in 2024, with the balance to shut down over the next ...
Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online shopping era.