Macy’s plans to shut 10 department stores in January while delaying other closures

Macy’s said Thursday it is reconsidering when it will close the roughly 60 remaining open stores out of a batch of 125 that were on track to go dark by 2023.

However, it said it plans to announce 10 closures in January, and it will provide additional details about those locations in the near future.

  • Macy’s said Thursday it is reconsidering when it will close the roughly 60 remaining open stores out of a batch of 125 that were on track to go dark by 2023.

  • However, it said it plans to announce 10 closures in January, and it will provide additional details about those locations in the near future.

  • “Digital performance is stronger in the markets where we have stores,” CFO Adrian Mitchell said.
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RSK: No surprise here. The states that have strict covid lock-downs and procedures such as California, are where it will happen.



- - Volume: 9 - WEEK: 48 Date: 11/23/2021 9:34:18 AM -