Macy’s to start closing down 66 locations after CEO’s promise to shut the lights on 150 stores

The closure of MACY sites at the country's level continues this spring as part of the new multi -year -old chapter initiative.

In recent months, CEO Tony Spring has confirmed that there will be a removal of at least 150 weak -performance stores.

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At least 66 of these 150 in the closing phase this spring.

Customers in Brooklyn testified that at the end of last week, according to CW Affiliate WPIX.

Messi closed on the 30 -year -old Volton Street on Volton Street in New York City, its lights for the last time.

It replaced Abraham and Rauce (A&S) in 1995.

There are at least five other sites in New York in the song list as part of the new chapter of Macey.

It includes stores in Fordham Place, Queens Place, Seapshead Bay, Sunrise Mall and State Island Furniture.

Another site in Salem, Oregon, is also getting the ax by the end of this month.

Minnesota, which has recently stopped its recent operations at the end of February.

Modern mode

Before the closure number reached 66 this spring, it was originally 50, and then shocked up to 55 during the September profit call.

Later, it was increased to 65 until the final number was confirmed, for each Axios.

Filter sales are continuing in all closing sites in 22 states.

Spring also plans to use between 600 and 700 million dollars from MACY's from closing operations to invest in other stores, including 30 independent MACY, 15 new sites, and 30 new sites of Bluemercury.

350 remaining sites will also be renewed and updated as MACY seeks to update the general sense.

“At the beginning of the closure strategy [we] He said that we have less profitable and less productive sites, and we wanted to take it as soon as possible. ”The CEO of investors explained during the last profit call.

“So the fact that we close more stores this year is a reflection of the fact that our assets have value and that even in this less stable market, we are dealing.”

Customers first

Spring also explained during the big presentation of the National Retail Union in New York City in January that Mace's “re -visualizes” its wallet.

He pointed out that the current shopping experience for customers “can be better.”

Messi's sales have made visits in recent years.

He was martyred by a decrease of 2.4 % year on an annual basis to about $ 4.7 billion during the last financial quarter.

Other retailers are also struggling to adapt to an economic scene and change the volatility of the consumer habit.

Kohl's closes at least 27 stores as the new CEO continues to update and “reverse” the hated policies.

Big Lots recently disturbed a return after it appeared from bankruptcy and continues to close hundreds of stores in the country.