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Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores

Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores
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Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores

Macy’s is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the store, a person familiar with the matter told Reuters. Macy's evaluation of the location is part of a new turnaround strategy announced by the retailer on Tuesday in an earnings call with investors. The department-store chain outlined plans to shutter an additional 150 underperforming Macy’s stores in the U.S. through 2026.

San franciscoUnited statesNew yorkAdrian mitchellAaron peskinMatthew lewisJuveria tabassumLondon breedUnion squareSan francisco union squareSan francisco boardSan francisco chronicleFrancisco mayor london breedFarrell streetChief financial officer adrian mitchellKatherine masters

Macy s to close another 150 stores

Macy’s announced Tuesday it will be closing 150 stores, representing about 30% of the department store’s brick-and-mortar locations. The “underproductive” stores will be shut down over the next three years, starting with 50 by the end of 2024 and the other 100 in the following years. By 2026, there will only be 350 Macy’s locations, down from a high of 640 stores in 2018. The company did not .

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Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores

Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

San franciscoUnited statesSan francisco union square

Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores

Macy s mulls closing San Francisco flagship amid plans to shutter 150 stores
aol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.com Daily Mail and Mail on Sunday newspapers.

San franciscoUnited statesNew yorkJuveria tabassumAdrian mitchellLondon breedMatthew lewisAaron peskinSan francisco union squareUnion squareSan francisco boardSan francisco chronicleFrancisco mayor london breedFarrell streetChief financial officer adrian mitchellKatherine masters