Retail

45 locations to close as part of 3-year plan

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The entrance to a Macy’s department store.

Jeffrey Greenberg | Universal Images Group | Getty Images

Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned.

The closures are part of a previously announced plan by Macy’s to shut 125 locations by 2023, which the retailer outlined last February.

“As previously announced, Macy’s is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls,” a spokeswoman told CNBC in a statement.

“To that end, we announced several store closures today that align to the guidance we provided in February…



Source cnbc.com

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