Macy’s to Close 150 Stores as Sales Slip and It Pivots to Luxury
Macy’s will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales.
Macy’s will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales.
Even as current ownership markets the property for sale, shops continue to close at the Stamford Town Center Mall thanks to a wave of retail bankruptcies sweeping the nation.
One of the Westfield Meriden Mall’s anchor stores will soon close.
Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online.