Another retail store is hit!
Macy’s earnings topped analysts’ expectations Tuesday, but its top line fell short as it struggled to get consumers into its stores over the holiday period. The retailer sees tough times persisting during the fiscal year that just began, as shoppers continue to spend more of their money online.
As a result of this:
On the real estate side, Macy’s reiterated that it still plans to close another 34 stores or so over the next few years. In January, the company released a list of 68 stores that it plans to close, saying it eventually planned to reach 100.
You can read the full story HERE
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