Retail News

Macy's To Close 29 US Stores

Macy's To Close 29 US Stores

Macy's (USA) said that it will close 28 underperforming Macy's stores and one Bloomingdales store, according to a report in the Washington Post.

 

The retailer has previous closed many other poorly performing locations in order to invest in some of its more successful stores.

 

Macy's reported same-store sales for November and December fell 0.6 percent, compared to 1.1 percent growth during the same period a year ago. 

 

 

 

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