Macy's plans to close 150 unproductive stores, invest in 350 "go-forward" stores, and monetize $750M assets by 2026.
Macy's plans to revitalize its business by closing 150 unproductive stores by 2026 and investing in 350 "go-forward" stores. The company aims to improve shopping experiences, assortments, and value while focusing on its luxury market with stores such as Bloomingdale's and Bluemercury. Macy's also plans to monetize up to $750 million worth of assets over the next three years and optimize supply chain assets worth $600 million to $750 million.
February 27, 2024
108 Articles