Thursday, August 18, 2016

Will Macy’s 100 Store Closings Help the Retailer Open a New Door?

Macy's storeIn 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.

While 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

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