Macy’s: Closing 150 Stores but Expanding Bloomingdale’s – Shocking News Update!
Houston, Texas – Retail giant Macy’s announced plans to close 150 stores nationwide by 2026. However, the company also intends to expand its upscale Bloomingdale’s and Bluemercury brands in an effort to revamp its retail strategy and cater to evolving consumer preferences. The decision to close stores comes as Macy’s faces increasing pressure from online competitors and shifting consumer behavior. The COVID-19 pandemic has accelerated the shift to online shopping, prompting many traditional retailers to …