Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by ...

Some sections are bare, and employees are confirming what has been rumored for months: Macy's at Salem Center is closing.

Macy’s is closing 65 stores in fiscal year 2024 alone, according to the company’s latest quarterly earnings report. The ...

Macy's First 50 stores delivered +1.9% comparable store sales in Q3 2024, outpacing other Macy's stores by 4.1%. Read why I remain bullish on M stock.

All of the stores set to close are underperforming ... in shopping habits and increased competition from online brands. Spring said Macy’s total number of closures is still expected to be ...

The store closures are driven by cautious consumer spending due to inflation, higher interest rates and crushing levels of ...

The number of Macy's stores slated for closure by the end of the year has climbed again. "We now expect to close roughly 65 locations this year," said Macy's CEO Tony Spring in the earnings call.

Previously, Macy's announced it would be closing 50 of its stores by the end of the fiscal year in February. However, a look at the department store's third quarter earnings report indicates it ...