"Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy's stores to allow us to focus our resources and prioritize investments in our go-forward stores, where customers are already responding positively to better product offerings and elevated service," said Tony Spring, chairman and chief executive officer of Macy's Inc.
"Macy's says the closure plan is meant to bring back sustainable and profitable sales growth by losing approximately 150 underproductive stores across a three-year period while investing in its '350 go-forward Macy's locations' through fiscal 2026."
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