Macys Stores Closing In 2024 Ford. Macy's announced a turnaround strategy that includes closing 150 underperforming stores, focusing on luxury brands and opening new locations. Macy's will shutter five underperforming stores and lay off about 2,350 employees in 2024 amid online competition and activist pressure.
Macy’s said on tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 macy’s stores over the next three years while expanding its. Macy’s, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods.
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