Macy’s to Close 150 Nameplate Stores, Focus on Luxury and Small-Format Locations
Retail TouchPoints
FEBRUARY 27, 2024
Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations. lower than the same period in 2022, with comp sales down 5.4% drop from 2022. Q4 net sales of $8.1 billion were 1.7%
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