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  2. www.retaildive.com › news › macys-ceo-tony-spring‘Built for a different era’: Macy’s CEO on why closing 150 ...

    Mar 19, 2024 · The 150 Macy’s stores slated for closure in the next three years make up 25% of the banner’s square footage but represent less than 10% of sales, CEO Tony Spring said during a discussion at...

  3. www.cnn.com › 2024/02/27 › investingMacy’s is closing 150 stores | CNN Business

    Feb 27, 2024 · The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years. By 2026, it will have just 350 Macy’s stores, the company announced.

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  4. edition.cnn.com › 2024/02/27 › businessHow America’s once great department stores became a dying ...

    Feb 27, 2024 · Updated 3:42 PM EST, Tue February 27, 2024. Link Copied! Shoppers inside Macy's in The Woodlands, Texas. Raquel Natalicchio/Houston Chronicle/Getty Images. New York CNN — Macy’s announcement...

  5. www.cbsnews.com › news › macys-closing-150-storesMacy's to close 150 stores, or about 30% of its locations

    Feb 27, 2024 · Updated on: February 27, 2024 / 3:18 PM EST / CBS News. Macy's on Tuesday said it plans to close roughly 150 underperforming stores over the next three years, the struggling retailer's...

  6. www.forbes.com › sites › roberthartMacy’s Is Closing 150 Stores Over The Next 3 Years - Forbes

    Feb 27, 2024 · Key Facts. Macy’s said it will close around 150 “underproductive” stores through 2026 as part of a plan CEO Tony Spring said will “accelerate our path to market share gains, sustainable ...

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  8. apnews.com › article › macys-fourthquarter-tonyMacy's to close 150 stores and will open new Bloomingdale's ...

    Feb 27, 2024 · Updated 2:10 PM PDT, February 27, 2024. NEW YORK (AP) — Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales.

  9. www.vpm.org › npr-news › 2024/02/27Why Macy's is closing 150 department stores | VPM

    Feb 27, 2024 · Macy's, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods. The company on Tuesday said it will shutter "underproductive" stores, while opening more of its better-performing, higher-end siblings: Bloomingdale's and beauty-focused Bluemercury.

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