Faltering Macy's to Close 66 Stores, With New York, Florida and California Hit Hard
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Macy's Inc. is set to close 66 underperforming stores across the U.S., with significant impacts in New York, Florida, and California. This move is part of Macy's strategy to boost same-store sales and overall revenue.
January 13, 2025 | 1:30 pm
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Macy's Inc. plans to close 66 stores, significantly affecting operations in New York, Florida, and California. This is part of a strategy to enhance same-store sales and overall revenue.
The closure of 66 stores is a strategic move by Macy's to focus on more profitable locations and improve financial performance. This could lead to a positive short-term impact on Macy's stock as investors may view the closures as a step towards better profitability.
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