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Stock impact report

166-year-old retailer makes quiet comeback amid store closures [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
The 160-year-old department store chain has suffered a slate of challenges, ranging from increased online shopping to mall closures to cash-strapped consumers. As a result, Macy's is closing underperforming stores, including two large mall-based locations near me, as it retrenches amid off-price apparel retailers like TJ Maxx cutting into its business. I'll miss shopping in person at Macy's, especially during the holidays, as it was one of my favorite places to shop before Covid caused foot traffic at my local indoor mall to decline, and the holiday vibe at Macy's to suffer. Those locations, which opened as two of the four anchor stores when the mall debuted in 1983 (as Jordan Marsh and Filene's, respectively), were among my favorites to visit this time of year. Regardless, Macy's closures reflect a widespread trend that has already caused many mall-based chains to struggle to survive as sales have shifted online and away from indoor malls, where many Macy's are located. And, Show less Read more
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