Macy’s, the iconic American department store chain, announced plans to close 65 underperforming stores by January 2025. This move is part of a broader strategy to streamline operations and focus on more profitable locations.
The decision to close these stores comes as Macy’s faces increasing competition from online retailers and changing consumer shopping habits. In recent years, the company has been struggling to keep up with the shift towards e-commerce, and its brick-and-mortar stores have suffered as a result. The closures will allow Macy’s to reduce its operating costs and improve its overall financial performance.
