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Stock impact report

Why Macy's Is Closing More Stores in 2019 [The Motley Fool]

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: The Motley Fool
Why Macy's Is Closing More Stores in 2019 After several years of comparable-store sales declines and falling earnings, Macy's ( NYSE:M disappointing performance Nevertheless, it plans to continue closing stores in 09, recently confirming eight store closures to Business Insider Two main kinds of stores Back in August 0, Macy's announced plans to close about 00 of its 78 Macy's stores over the next several years. In the words of then-president Jeff Gennette (now the company's CEO): Nearly all of the stores to be closed are cash flow positive today, but their volume and profitability in most cases have been declining steadily in recent years. We recognize that these locations do not yield an adequate return on investment and often do not represent a customer shopping experience that reflects our aspirations for the Macy's brand. We decided to close a larger number of stores proactively so we can invest in a winning customer experience in our most productive and highest-potential locatio Show less Read more
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