Macy’s Update: Shocking 150 Store Closure Plan Revealed – Can the Retail Giant Survive?
New York, USA – Macy’s, the iconic department store chain, has raised its full-year earnings expectations following a strong first-quarter performance. The retailer is optimistic about its sales outlook, despite acknowledging the ongoing scrutiny from customers when making discretionary purchases. To improve sales, Macy’s has embarked on a strategic initiative to downsize its operations. The company plans to close approximately 150 of its underperforming stores, representing over a quarter of its namesake locations. In addition …