Macy’s announced Tuesday that it plans to close about 150 stores across the United States as it reorganizes and refocuses its business.
company explained NBC News reports that the plan is to close “less productive” stores to focus on selling luxury goods.
“The closures will leave approximately 350 Macy’s stores, as well as Bloomingdale’s and Bluemercury beauty and skin care stores,” the store said.
“It’s the latter brand that the company sees as its future,” the company said, adding that it plans to leverage its leadership position in the luxury goods market, adding that Bloomingdale’s and Bluemercury are part of the “Outperform” brand within Macy’s portfolio. “form,” the report continued. .
Over the next three years, company management plans to build 15 Bloomingdale’s stores, 30 Bluemercury stores, and renovate 30 Bluemercury stores.
This news comes about a month after Macy’s announced: plan The company will cut 2,350 jobs and close five stores.
According to a recent NBC News article, “Macy’s is under pressure from investor activists to sell the company after a decade of poor performance, and Macy’s real estate is considered the company’s most valuable asset.” “The company rejected the takeover offer,” the outlet said.
Macy’s is America’s largest department store chain, KTVU. report The locations of the 150 stores scheduled to close have not yet been disclosed, it said Tuesday.
In September, high-end stores in the Beverly Hills area of California reportedly began closing due to rampant purse-snatching robberies.
In early 2023, Breitbart News reported that Walmart, Target, Best Buy, and other major stores would close some stores across the United States due to increased theft.
“According to the 2022 National Retail Security Survey, retailers suffered a total loss of $94.5 billion due to theft and inventory loss in 2021. 35 retail stores closed in California and 23 in New York. , 18 stores closed in Illinois. 21 stores closed in Florida.”
