The moves are a “part of the Bold New Chapter strategy, which was announced in February 2024,” the company said.

The downsizing plan calls for shuttering a total of about 150 Macy's sites through 2026, including mostly department stores ...

Macy's First 50 stores delivered +1.9% comparable store sales in Q3 2024, outpacing other Macy's stores by 4.1%. Read why I remain bullish on M stock.

M gains from strong momentum and digital growth. However, declining sales and cautious consumer behavior pose risks to its ...