Retail

10 to be announced in January

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An indoor shopping mall is seen before having to close due to new restrictions by the State of California during the global outbreak of the coronavirus disease (COVID-19) in Carlsbad, California, U.S., July 14, 2020.

Mike Blake | Reuters

Macy’s said Thursday it is reconsidering when it will close the roughly 60 remaining open stores out of a batch of 125 that were on track to go dark by 2023.

However, it said it plans to announce 10 closures in January, and it will provide additional details about those locations in the near future.

“The delayed closure of certain stores allows us to maintain a physical presence in the market, which is critical to our top line growth,” Chief Financial…



Source cnbc.com

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