Macy's to Close More Stores As Part of Department Store Chain's Plan to Shutter 125 Locations in 3 Years
15 days ago
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Forty-five Macy's stores are expected to close by the middle of the year, CNBC reported Tuesday.
A list of closing stores was not disclosed Tuesday and will be available Wednesday, Macy's officials told USA TODAY.
The department store chain announced in February 2020 that it planned to cut 2,000 jobs and close one-fifth of its stores or roughly 125 locations over the next couple of years. Macy's closed approximately 30 stores last year as part of the plan.
"As previously announced, Macy’s, Inc. is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls," Macy's said in a statement to USA TODAY Tuesday. "To that end, we announced several store closures today that align to the guidance we provided in February 2020. These closures bring us closer to achieving the right mix of mall-based stores."
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