Tuesday, September 8, 2015

Macy's: The Glide Path to Prosperity

September 8, 2015
Macy's says it will close 35 to 40 stores in early 2016

The company is preparing to open six lower-priced Macy's Backstage stores later this year and intends to open more of them in 2016.

Close 35-40. Open 6+.

The company runs 770 Macy's stores and has closed 52 locations over the last five years while opening 12.

Closed 52. Opened 12.

Department store economic expansion, baby. That's what I'm talking about.

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