Feb 27, 2024 - Economy

Bonus chart: Shrinking footprint

Data: Macy's corporate documents; Chart: Axios Visuals
Data: Macy's corporate documents; Chart: Axios Visuals

In early 2020, before the pandemic, Macy's said it would close around 125 stores over three years, which at the time was a fifth of its locations, Kelly writes.

  • It fell short of its target and closed 80 namesake stores. It's currently closing another five stores before today's announced closing round begins.
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