MACY'S SAYS IT WILL CLOSE 65 STORES THIS YEAR
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✍️ Macy's announced it will close 65 stores this year, an increase from the 50 previously announced, as part of its plan to eliminate 150 underperforming stores over the next three years.
👉 Macy's will close 65 stores this year, up from the 50 previously announced 👉 The company is eliminating 150 underperforming stores over the next three years 👉 Macy's is overhauling its controls over financial reporting after an accounting issue involving an employee who hid up to $151 million in expenses 👉 The company is betting on the success of its other brands, Bloomingdale's and Bluemercury
-- #TonySpring #OnAdrianMitchell #MeganCerullo #business
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