Macy’s ramps up store closures with 65 outlets to go in 2025

Dec 16, 2024 · US department store chain Macy's has announced an uptick in its closure …

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Macy's CEO Issues Defiant Message To Customers Despite 150 …

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Dec 11, 2024 · The company expects to rake in between $600 and $750 million by selling the …

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FAQs about Macy’s ramps up store closures with 65 outlets to go in 2025 Coupon?

Why did Macy's close 150 stores?

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. ...

How many Macy's stores will close this year?

Updated on: December 13, 2024 / 4:22 PM EST / CBS News 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. ...

Will Macy's closures affect Washington shoppers?

Macy's plans to close more stores than announced earlier this year could affect Washington shoppers. According to the company's third-quarter earnings report, the department store chain plans to close approximately 15 more locations after the holiday season, an increase from the previously announced 50 closures. ...

Will Macy's close in 2025?

Macy's announces more stores closing in early 2025. What to know in CA Macy's to close up to 65 stores after the holidays. What it could mean for California ...

Will Macy's close 150 underperforming locations by 2026?

The company remains committed to closing 150 underperforming locations by the end of 2026. Macy's aims to reposition the company through an initiative titled "A Bold New Chapter," which focuses on strengthening Macy's nameplate, accelerating luxury growth, and simplifying and modernizing operations. ...

Is Macy's still open?

We've continued to open Macy's small formats.” “Although we still have work to do, we believe our Bold New Chapter initiatives, including the closure of roughly 65 non-go-forward locations this year, get us even closer to our go-forward end state of becoming a more profitable Macy's.” ...