US retailer Macy’s to close 150 stores

NEW YORK CITY: The iconic but struggling US department store Macy’s announced plans on Tuesday to close almost a third of its eponymous locations by 2026 while building up its upscale Bloomingdale’s and Bluemercury brands. In a new strategy aimed at breathing life into the 166-year-old retailer, the company said it would shut 150 “underproductive” […]

US retailer Macy’s to close 150 stores

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NEW YORK CITY: The iconic but struggling US department store Macy’s announced plans on Tuesday to close almost a third of its eponymous locations by 2026 while building up its upscale Bloomingdale’s and Bluemercury brands.

In a new strategy aimed at breathing life into the 166-year-old retailer, the company said it would shut 150 “underproductive” Macy’s locations.

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