Why Macy's is closing 150 department stores
The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.
by Alina Selyukh
Feb 27, 2024
2 minutes
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 it will shutter "underproductive" stores, while opening more of its better-performing, higher-end siblings: Bloomingdale's
You’re reading a preview, subscribe to read more.
Start your free 30 days