Macy's to shutter 10 store closures in January as part of 125 store reduction strategy
14 days ago - By Fashion United
Macy's arguable the flagship of America's department stores, is fast-tracking its shift to digital. Last week the company announced a new marketplace and focus on its e-commerce strategy. This also means re-evaluating its brick and mortar portfolio, with 10 stores expected to close in January.
The closures are line with a strategy to shutter a 125 stores in lower-tier malls by 2023, as outlined in the company's 3 year strategy in 2020. This also includes upgrading existing physical stores, investments in merchandising strategies, technology improvements, talent and local...
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