Macy’s, the enduring American division retailer chain, introduced plans to shut 65 underperforming shops by January 2025. This transfer is a part of a broader technique to streamline operations and give attention to extra worthwhile areas.
The choice to shut these shops comes as Macy’s faces growing competitors from on-line retailers and altering shopper buying habits. Lately, the corporate has been struggling to maintain up with the shift in the direction of e-commerce, and its brick-and-mortar shops have suffered because of this. The closures will enable Macy’s to cut back its working prices and enhance its general monetary efficiency.
