Macy’s announced Wednesday it will close 65 more stores after the Christmas holiday.
The major retailer’s move to shutter dozens of locations comes as part of a plan to get rid of 150 underperforming stores in the next three years, according to CBS News.
Macy’s opened its first store 175 years ago.
It’s been an American Icon since before the Civil War.
Now, it too is closing stores.
What is causing our oldest institutions to collapse? pic.twitter.com/CBonL4WoWR
— Dr. Thom, Ph.D., CPA 🇺🇸 🇺🇸 🇺🇸 (@TAG2335) December 14, 2024
Macy’s CEO Tony Spring revealed on a third quarter earnings call Wednesday that 65 additional stores are on the chopping block, the outlet reported.
“We now expect to close roughly 65 locations this year,” the department store executive said on the call. “In line with our typical cadence, closures will occur post holiday.”
…
