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Macy’s Stores Closing Update: 65 Stores to Close Soon
ComingSoon.netStory by Apoorv Rastogi
scrn logline
Macy's announces the closure of 65 underperforming stores, as the retail giant struggles to adapt to shifting consumer habits and online competition.
beat sheet
- Macy's original plan was to shut down 50 stores, but the company has now decided to close 65 locations by the end of January 2025, citing a 'favorable deal-making environment'.
- Macy's reported a 2.4% decline in net sales for the third quarter, further highlighting the challenges the department store chain faces in the evolving retail landscape.
call sheet
Tony Spring, Adrian Mitchell, Macy's, Bloomingdales, Bluemercury