Macy's shutting dozens of stores as part of new strategy following lackluster 2024
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Macy's is closing dozens of stores as part of a new strategy after a lackluster 2024. This follows a previous announcement to shut 150 underperforming stores over three years.
January 10, 2025 | 12:30 am
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Macy's is closing dozens of stores as part of a new strategy following a lackluster 2024. This is part of a broader plan to close 150 underperforming stores over three years.
The store closures indicate Macy's is struggling with underperforming locations, which could negatively impact short-term stock prices. The strategy aims to improve profitability but highlights current challenges.
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