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Macy's Inc., the iconic New York City-based department store chain and sponsor of its namesake Thanksgiving parade, plans to close 150 stores over the next three years.
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Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.
Consumers reported losing $367 million to job and business opportunity scams in 2022, up 76% year over year, according to the Federal Trade Commission. The typical victim lost a “whopping ...
Macy's plans to close 150 stores, or 30% of its 493 locations, by 2026. Of those 150, 50 are set to be closed by the end of February 2025, the end of the fiscal year for the department store ...
Macy's Herald Square (originally named the R. H. Macy and Company Store) is the flagship of Macy's department store, as well as the Macy's, Inc. corporate headquarters, on Herald Square in Manhattan, New York City. The building's 2.5 million square feet (230,000 m 2 ), [ 4] which includes 1.25 million square feet (116,000 m 2) of retail space ...
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However, Macy's recently rejected a takeover offer, saying it undervalued the firm. Wall Street's immediate reaction to Tuesday's announcement was negative, with shares trading more than 2% lower ...