https://www.retaildive.com/news/macys-says-it-will-close-29-stores/570021/
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Summary:
- Macy’s is shuttering "28 Macy’s locations and one Bloomingdale’s store in the coming weeks," a company spokesperson told Retail Dive in an email on Wednesday.
- "We will provide an update on our growth strategy and three-year plan, including details on our stores segmentation strategy, at Investor Day on February 5, 2020," the spokesperson said.
- The department store retailer also reported Wednesday that store comps on an owned basis fell 0.7% over the nine-week holiday period ended Jan. 4, as comps on an owned plus licensed basis fell 0.6%. The impact on comp sales from "departments licensed to third parties" was growth of 0.1%, according to a company press release.