Macy’s will close 45 stores this year
Senior management for Messi Yesterday, he confirmed the closure of about 45 stores this year in the United States, As part of the restructuring plan that went into effect in 2020, through which it plans to remove a total of 125 stores by 2023.
The purpose of the chain will be to exit all the low-performing stores, located in low-traffic malls, to focus on the establishments with the highest traffic, according to the Reuters news agency.
The cuts will also mean the elimination of 2,000 jobs.
The company has not yet revealed the list of stores to be closed. However, Ambar Gay, Vice President and General Manager of Macy’s in Puerto Rico, told this newspaper that the two enterprises on the island would remain in operation. “None of the stores will be closed,” he said in written comments. These stores are located in the Plaza Las Américas shopping center and in Plaza del Caribe in Ponce, and in both, Macy’s is a flagship.
When it was announced last February The original closure plan, The largest department store company in the United States with 750 stores – including Macy’s, Bluemercury and Bloomingdale’s – said this. The strategy will allow you to save about $ 1.5 billion in the next three years.
It is expected during this period to increase efforts to maximize online sales platforms, move its stores to smaller spaces and introduce new brands at more affordable prices.
During 2020, about 29 Macy’s stores in the United States have closed.