From Nasdaq, Inc.: 2025-01-10 02:02:56

Macy’s Inc. is set to close 66 non-go-forward store locations by 2025 as part of its strategic plan to achieve sustainable, profitable sales growth. The closures are part of the company’s “A Bold New Chapter” strategy, which aims to focus resources on go-forward stores with positive customer response. The plan also includes investing in 350 go-forward Macy’s locations while closing approximately 150 underproductive stores over three years. The move follows a weak third quarter for the Omni-channel fashion retailer, leading to a revised earnings guidance for fiscal 2024. Macy’s reassures commitment to delivering sustainable, profitable growth amidst challenges in the department store sector.



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