Macy’s to shutter 150 stores amid focus on luxury
by Guardian staff and agencies from US news | The Guardian on (#6JY2T)
Department store will close dozens of outlets this year and the rest over a three-year period after issuing muted trading outlook
Macy's has announced plans to close 150 underproductive" stores - more than a fifth of its department store empire - over the next three years.
The business said it would shutter about 50 outlets by the end of 2024 after issuing a muted trading outlook for the year ahead.
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