By closing 150 stores over the next three years, Macy's expects to book asset sale gains of as much as $350 million, Spring said on the call. Macy's shares rose 5.7% in morning trade to $20.40 ...

Macy’s said it will shut down 150 stores — about 30% of its US namesake chain — as the department store giant tightens its focus on luxury under a new chief executive.

The iconic department store chain plans to close 50 of the targeted stores by the end of 2024, and another 100 over the next few years. By 2026, Macy’s will have 350 stores, the company said.

Macy's in January named 66 of the 150 stores it is planning to close as part of its revitalization plan, and some stores on the list appear to have already closed or be closing soon.. The retailer ...

Macy's, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods. The company on Tuesday said it ...

Macy’s will close 150 of its stores and plans to open 15 of its higher end Bloomingdale’s stores and 30 Bluemercury cosmetics locations. Skip to Article. Set weather. Back To Main Menu Close.

Macy’s to close 150 more stores in 3 years New CEO Tony Spring said underperforming stores must close even if they are cash-flow positive, telling analysts: “The bar has now been raised.” ...

Macy’s has not yet publicly identified specific stores to be closed. But the 150 stores generate less than 10 percent of the company’s overall sales even though they represent 25 percent of ...

STATEN ISLAND, N.Y. -- Macy’s has announced it will revamp and modernize its shopping environment -- a move which will result in the closure of 150 stores over the next two years. “We are ...

The announcement on Tuesday did not say which stores would close nationally. YahooFinance reported Macy’s revenue declined to $23.1 billion in 2023 , 5.5% lower compared with 2022.