Macy's Bold New Chapter Includes Closing 150 Stores
MMacy's(M) Forbes·2024-02-28 03:00

Macy's plan to close 150 unproductive stores will help solidify its long-term growth.getty Macy’s released its full-year sales results which showed revenue down 5.5% in 2023 compared to 2022. More concerning for the department store is that comparable store sales were down 6.9%, which is a performance comparison to the same stores open last year and this past year (comparable stores would not include new stores opened or closed within the year). In a move to focus on sustainable growth, the company announce ...