Macy’s To Close 45 More Stores
MACY'S TO CLOSE 45 MORE DEPARTMENT STORES AS PART OF ITS PLAN TO SHUTTER 125 LOCATIONS IN THREE YEARS
(CNN) – Macy’s is closing 45 more of its iconic department stores by the middle of 2021.
While Macy’s has not released a list of the locations; according to the Chicago Tribune its flagship store at Water Tower Place is on the list.
The retail giant announced it would close 125 stores over the next couple of years.
Macy’s temporarily closed all retail locations in mid-March of 2020 because of the pandemic.
30 of those stores closed permanently.
Despite the grim news, USA Today reports Macy’s is in better shape than some other retailers.
The Macy’s CEO says with his competition struggling even more, there’s good potential for his brand to gain market share moving forward.