NAYAG Scoop
Notification Show More
Latest News
Download
Meet JD Vance’s family: His wife, children, mother and late grandmother
Relationships
Rajiv Memani
Rajiv Memani Net Worth, Wife, Son, Family, House and Salary
Wiki
Rajiv Memani
Who is Rajiv Memani? Know all about EY Chairman India
Wiki
Anna Sebastian Perayil
EY Employee Death Cause, How did Anna Sebastian died?
Obituaries
Anna Sebastian Perayil
Who is Anna Sebastian Perayil? Check her LinkedIn and X
Obituaries
Aa
  • Latest
  • People
    • Relationships
    • Missing
    • Obituaries
  • Celebrities
    CelebritiesShow More
    Lea Michele
    Is Lea Michele Pregnant? Lea Michele Expecting Baby No. 2 With Husband
    March 28, 2024
    Valerie Bertinelli 1
    Valerie Bertinelli Weight Loss: How Did Valerie Bertinelli Lose Weight?
    March 12, 2024
    Vanessa Hudgens Currently Dating Now Cole Tucker
    Vanessa Hudgens Boyfriend: Who is Vanessa Hudgens Dating Now?
    March 11, 2024
    Sean Lennon With
    Who is Sean Lennon’s Wife? Meet Sean Lennon’s Girlfriend
    March 11, 2024
    Robert Downey Jr. Currently Wife
    Robert Downey Jr.’s Wife: How Many Times Have Robert Downey Jr. Married?
    March 11, 2024
  • Wiki
  • Entertainment
    • Anime
    • Movies
    • Shows
  • Trending
  • Lifestyle
  • News
    • Accident
    • Shooting
  • Gaming
  • Sports
  • Technology
Reading: Macy Stores Closing List: Which Macy Stores Are Closing?
Share
Aa
NAYAG Scoop
  • Latest
  • People
  • Celebrities
  • Wiki
  • Entertainment
  • Trending
  • Lifestyle
  • News
  • Gaming
  • Sports
  • Technology
Search
  • Latest
  • People
    • Relationships
    • Missing
    • Obituaries
  • Celebrities
  • Wiki
  • Entertainment
    • Anime
    • Movies
    • Shows
  • Trending
  • Lifestyle
  • News
    • Accident
    • Shooting
  • Gaming
  • Sports
  • Technology
Follow US
  • About us
  • Our Team
  • Contact us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Careers
  • Sitemap
© NAYAG Scoop Digital Publishing. All Rights Reserved.

Home » Trending » Macy Stores Closing List: Which Macy Stores Are Closing?

Trending

Macy Stores Closing List: Which Macy Stores Are Closing?

By Aryan Rajput February 28, 2024
Share
SHARE

Macy’s, a retail giant synonymous with luxury shopping experiences, has recently announced a strategic move that has sent ripples through the retail landscape. With plans to close a substantial number of its stores across the United States, the announcement has left many wondering about the future of their favorite shopping destinations.

Contents
Macy Stores Closing ListWhich Macy Stores Are Closing?CEO Perspective and Workforce Implications
Which Macy Stores Are Closing
Which Macy Stores Are Closing

Watch Latest Video on YouTube:

Macy Stores Closing List

According to reports from USA Today and The Independent, Macy’s is set to shutter 150 underperforming locations, with 50 slated for closure by the end of this year. The decision reflects a strategic shift to optimize the brand’s portfolio and prioritize upscale offerings.

Under the new plans, Macy’s will continue operations at its remaining 350 locations, including its small-format stores. Additionally, the company will maintain its presence through Bloomingdale’s and Bluemercury beauty outlets, which are deemed as strong performers in their respective markets.

Which Macy Stores Are Closing?

In early 2020, before the pandemic, Macy’s said it would close around 125 stores over three years, which at the time was a fifth of its locations. Macy’s fell short of its target and closed 80 namesake stores. It’s currently closing another five stores before the future closing rounds begin.

See also  Who is Tron Austin's Wife? Jeong Ah Wang and Tron Austin's Relationship

Of the 150 stores marked for closure, 50 are slated to cease operations by the year’s end, signifying the swift execution of Macy’s strategic realignment. Post-closure, the retail giant will maintain operations at approximately 350 locations, inclusive of its small-format stores.

Notably, Macy’s commitment to its Bloomingdale’s and Bluemercury beauty locations remains unwavering, as these establishments are recognized as “outperformers” in the company’s portfolio.

Amidst the closures, Macy’s is not retreating entirely but rather redirecting its resources toward growth opportunities. The company has disclosed plans to inaugurate 15 new locations within Bloomingdale’s department stores and an additional 15 Bluemercury venues. However, specific details regarding the timeline and locations of these new establishments are yet to be disclosed.

CEO Perspective and Workforce Implications

Tony Spring, CEO of Macy’s Inc., expressed optimism about the company’s future trajectory, emphasizing a commitment to market share gains and sustainable growth. However, the reorganization efforts also entail significant workforce restructuring. In January, Macy’s announced plans to reduce its workforce by 3.5%, affecting approximately 2,350 employees.

See also  Who is Chiney Ogwumike? Chiney Ogwumike Age, Height, Ethnicity, Wiki and Instagram

You Might Also Like

Meet JD Vance’s family: His wife, children, mother and late grandmother

Chase Stokes and Kelsea Ballerini’s Relationship, and Dating Timeline

Who Is Kelsea Ballerini Dating? Is Kelsea Ballerini Engaged Or Married?

Kelsea Ballerini Boyfriend: Kelsea Ballerini and Chase Stokes Attend the 2024 CMT Awards

Is Kelsea Ballerini Hosting The CMT Music Award? See Her Performance At CMT Awards Performance

TAGGED: USA: United States of America
Share this Article
Facebook Twitter Email Print

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Telegram Follow

Latest News

Download
Meet JD Vance’s family: His wife, children, mother and late grandmother
Relationships November 8, 2024
Rajiv Memani
Rajiv Memani Net Worth, Wife, Son, Family, House and Salary
Wiki September 18, 2024
Rajiv Memani
Who is Rajiv Memani? Know all about EY Chairman India
Wiki September 18, 2024
Anna Sebastian Perayil
EY Employee Death Cause, How did Anna Sebastian died?
Obituaries September 18, 2024
Anna Sebastian Perayil
Who is Anna Sebastian Perayil? Check her LinkedIn and X
Obituaries September 18, 2024

Monthly Trending

Recommended

Similar Articles

Download
Relationships

Meet JD Vance’s family: His wife, children, mother and late grandmother

November 8, 2024
Chase Stokes And Kelsea Ballerini
Relationships

Chase Stokes and Kelsea Ballerini’s Relationship, and Dating Timeline

April 8, 2024
Kelsea Ballerini And Chase Stokes
Relationships

Who Is Kelsea Ballerini Dating? Is Kelsea Ballerini Engaged Or Married?

April 8, 2024
Kelsea Ballerini And Her Boyfriend Chase Stokes
Relationships

Kelsea Ballerini Boyfriend: Kelsea Ballerini and Chase Stokes Attend the 2024 CMT Awards

April 8, 2024

logo NAYAG Scoop

We are the Leading Digital Media Publishing platform, covering various trending topics related to News, Entertainment, Fashion, Relationship, Sports, Lifestyle, Gaming, e-Sports among others. Know more about us here.

Hot Topics

  • Celebrities News
  • Entertainment News
  • Lifestyle News

Viral Buzz Interests

  • Trending News
  • Technology News
  • Gaming News

International News

  • World News
    • USA News
    • India News
    • UK News
    • Australia News
    • Canada News

Policies

  • Privacy Policy
  • Cookie Policy
  • DMCA Policy
  • Editorial Policy
  • Ethics Policy
  • Fact Checking Policy

© NAYAG Scoop Digital Publishing. All Rights Reserved.

  • About us
  • Our Team
  • Contact us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Careers
  • Sitemap

Removed from reading list

Undo