The announcement of store closures and job cuts is typically a double-edged sword for a company like Macy's. On one hand, it can lead to reduced expenses and potentially improved profitability in the short term. On the other hand, it is a sign of ongoing struggles in the retail industry, which could negatively impact revenue and growth prospects. Investors may view this news as a negative signal about the company's current performance and future outlook, potentially leading to a decrease in stock price.