In an effort to refocus resources on high-performing stores and improve its online shopping experience, Macy’s announced recently that it will close 100 stores, thus reducing the retailer’s total brick-and-mortar footprint by about 15 percent. The company will shutter these stores—whose specific locations they have yet to identify—by early 2017.
the Macy’s announcement comes at a time when many other retailers are
closing shop, this is big. For perspective, the department store will
close more stores in 2017 than it has in the last six years, a period in
which 90 doors closed.. . . more