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In 2020, they closed 29 stores (28 Macy's and one Bloomingdale's) across the country, per CNBC. But now, Macy's is forging ahead and closing 45 more stores in the year ahead in hopes to try out ...
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
In a statement obtained by NBC on Tuesday, San Francisco Mayor London Breed said she had learned that Macy's 400,000 square-foot flagship location in the city's Union Square will eventually be ...
The 45 locations were included in a list of previously announced closures as part of the company's turnaround plan.
The Macy's stores set to close account for 25% of overall square footage but less than 10% of its sales, the company said. Macy’s did not provide a list of planned closures, but San Francisco’s Mayor, London Breed, confirmed that the retailer’s sprawling store in the city’s Union Square downtown shopping district would be shuttered.
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.
Macy's, Inc. Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year.
This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...