Macy’s Set to Restructure and close over 100 stores in 3 years. Many people are hoping their local stores don’t close but we shall see who and what locations will be on the cutting block. Macy’s and retail is struggling in malls. Malls are falling with the sudden take of online shopping. Customers are shopping with ease and avoiding shopping lines. The company plans on focusing in on strip centers for lower rents etc. We look forward to seeing what is next.
Photo Courtesy: Macy’s Inc