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Macy’s to close 150 unproductive namesake stores amid sales slip as it steps up luxury business

By Financial Post - 4 months ago
NEW YORK (AP) — Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting […]

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