US retailer Macy's to close 150 stores
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US retailer Macy's plans to close around 150 locations by 2026, with 50 of them closing by the end of the fiscal year. The company will prioritize investments in its upscale brands Bloomingdale's and Bluemercury. Macy's also reported declining revenues and profits for 2023, with revenues down 5.5% and net profits falling sharply by 91%. The company aims to open approximately 15 Bloomingdale's stores, 30 new Bluemercury stores, and remodel around 30 Bluemercury stores over the next three years.

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https://www.legit.ng/business-economy/economy/1580936-us-retailer-macys-close-150-stores/