Macy’s plans to close 100 stores

Macy’s Inc. announced Aug. 11 that it will close about 100 of its full-line department stores out of the company’s total portfolio of 728 stores, with most closing at the beginning of 2017, said Jim Sluzewski, senior vice president for corporate communications and external affairs, in a news release. “In a number of cases, stores will be closed as the value of the real estate exceeds their value to Macy’s as a retail store,” he said in the release. The company will inform its store closing decisions directly with the staff of the facilities being shut down and Macy’s associates […]

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Source: Community Impact- Round Rock