Macy’s, the long-lasting American division retailer chain, introduced plans to shut 65 underperforming shops by January 2025. This transfer is a part of a broader technique to streamline operations and deal with extra worthwhile places.
The choice to shut these shops comes as Macy’s faces growing competitors from on-line retailers and altering client procuring habits. Lately, the corporate has been struggling to maintain up with the shift in the direction of e-commerce, and its brick-and-mortar shops have suffered in consequence. The closures will permit Macy’s to scale back its working prices and enhance its general monetary efficiency.
