US retail giant Macy’s to shut 150 stores ...Middle East

The iconic Macy’s department store in New York City. Photo: Getty Macy’s will close 150 unproductive namesake stores over the next three years including 50 by the end of 2024, the department store operator said after a fourth-quarter loss and declining sales. As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting areas and shoe departments, while adding more visual displays like mannequins. At the same time, the company signalled a pivot to luxury, which has fared better overall. It said it would open 15 of its higher end Bloomingdale’s stores and 30 of its luxury Blue Mercury cosmetics locations. The post US ret

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