Macy’s to close 150 stores by 2026, open new Bloomingdale’s, Bluemercury locations
Ted Oakley, managing partner at Oxbow Advisors, weighs projected earnings, Fed interest rates and a possible Congressional ban on shopping app Temu. Macy’s plans to close about 150 stores over the next three years as part of a strategic shift to focus on upscale chains Bloomingdale’s and Blue Mercury. The company publicly announced the change […]
PNC Bank to Add 100 Locations, Renovate 1,200 Through 2028 – PYMNTS.com
pnc bank plans to invest $1 billion to open more than 100 new locations and renovate 1,200 existing locations by 2028. PNC Bank currently has approximately 2,300 physical stores nationwide, it said in an announcement Wednesday (February 14). press release. With this investment, the bank will expand the reach of its branch network by building […]