As legendary department store Macy's enters its 167th year in business, the retailer has struggled with internal accounting discrepancies, declining sales, and attempts to reinvent the ...

Macy's said the program is meant to return the company to profitable sales growth. Chief Executive Tony Spring said the closures would help the company focus its efforts on the stores it plans to ...

Across the board, Macy's saw sales fall last year. But bosses said the 50 that have already been revamped have seen sales rise. Bosses kept the 66 doomed shops open through the holidays to let ...

The strategy is designed to fend off activist investors and boost the company’s sagging sales and stock. But Macy’s (M) shares have fallen about 15% since the plan was announced a year ago.

PROFITABLE SALES GROWTH. THE PLAN WAS INTRODUCED EARLY LAST YEAR, WHICH INCLUDED CLOSING 150 STORES OVER A THREE YEAR PERIOD. MACY’S SAID I Two Maryland locations are among the 66 Macy's stores ...

FLINT, MI -- Expect eight to 12 weeks of clearance sales starting this month before the Macy’s store at the Genesee Valley shopping center closes for the final time in the first quarter of this ...

Macy’s website notes that clearance sales will begin at closing department stores in January and will run for approximately eight to 12 weeks. For Macy’s Backstage stores and Macy’s ...

The company said it would shut down approximately 150 "underproductive" stores over a three-year period while investing in 350 continuing locations.

“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in ...

The new strategy, initially announced in February 2024, is designed to return the company to sustainable, profitable sales growth. In a Thursday press release, Macy’s said it plans to close ...

a decrease of 2.4% compared to 2023 third-quarter sales. "We now expect to close roughly 65 locations this year," said Macy's CEO Tony Spring in the earnings call. "In line with our typical ...