Macy's, Inc. Slows Its Pace of Store Closures [The Motley Fool]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: The Motley Fool
Macy's plans to shutter some stores in 2018, but not nearly as many as the number it closed in 2016 and 2017. During the past few years, Macy's ( NYSE:M ) has closed numerous stores in response to sliding sales. The company shuttered about 40 locations in 2016 and more than 60 in early 2017. However, Macy's is finally poised to snap an 11-quarter streak of comp sales declines in the fourth quarter of fiscal 2017. With sales trends stabilizing , the company doesn't need to keep culling its store portfolio at an accelerated pace. Sure enough, Macy's announced last week that it plans to close just 11 stores in 2018. Where is Macy's closing stores? All of the Macy's store closures announced last week will occur during the first quarter of fiscal 2018. Four of the locations are in California: full-line stores in San Francisco, Los Angeles, and Laguna Hills, plus a furniture store in Novato. Another two are in Florida -- one in Gainesville and one in Miami. The other
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website