Macy's will close almost 50 stores this year [CBS News]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CBS News
Macy's will close another 45 stores this year as part of a three-year plan aimed at keeping the department store chain profitable, the company said.A company spokesperson said Tuesday that Macy's is "committed to rightsizing our store fleet" by focusing on high trafficked locations within malls."To that end, we announced several store closures today that align to the guidance we provided in February 2020," the company said. "These closures bring us closer to achieving the right mix of mall-based stores."The company did not provide a list of which stores will close. Nor did it say how many jobs would be lost.Last year,Macy's announced its PolarisMacy's officialsIn its most recent earnings, Macy'sreportedclosed 29 storesended
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