Macy's: A Bold New Chapter
Update: 2025-12-12
Description
Macys, the century-old department store, is undergoing a bold restructuring, closing 150 underperforming stores by 2026. This move aims to streamline operations and focus on profitable locations. Despite the closures, sales at remaining stores are rising, with comparable sales growing by 2.3% and remodeled stores seeing a 2.7% increase. Macys remains profitable, with Wall Street analysts raising their price targets for the stock, indicating a potential comeback for the beloved retailer.
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