Macy's Confirms 66 Store Closures as Part of Bold New Chapter Strategy
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Macy's is closing 66 stores as part of its Bold New Chapter strategy, focusing on 350 key stores and digital upgrades to adapt to changing consumer needs.
January 10, 2025 | 6:00 pm
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Macy's is closing 66 stores to focus on 350 key locations and enhance digital capabilities, aiming to better meet consumer needs.
The closure of 66 stores is part of Macy's strategy to focus on more profitable locations and improve digital offerings. This could stabilize or improve long-term performance, but the immediate impact on stock price is uncertain as it involves both cost savings and potential revenue loss.
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