Friday, October 7, 2016

Macy's closing more stores than rivals

Department stores across the country have closed about 700 stores since 2013, and Cincinnati-based Macy's Inc. is the company closing the second-most stores.Department stores across the country have closed about 700 stores since 2013, and Cincinnati-based Macy's Inc. is the company closing the second-most stores.

According to a new report by RBC Capital Markets, Macy's will have closed 186 locations once it completes the closure of 100 stores early next year. That's second only to Sears, which has shuttered hundreds of K-Mart big box store locations.. . . more

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