business
informative
update
Macy's cuts 66 stores to boost profitability amid retail crisis
Dec 4, 2025, 11:09 AM10
(Update: Dec 4, 2025, 11:09 AM)
business
informative
update
Macy's cuts 66 stores to boost profitability amid retail crisis
- In January 2025, Macy's announced the closure of 66 stores as part of a three-year profitability plan.
- Around 15,000 stores were expected to close in 2025 due to rising costs and competition from online shopping.
- The mass closures reflected broader issues in the retail sector, leading to significant job losses and changing shopping behaviors.
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