Macy’s loses $21.3B in income and proclaims it is going to be closing 150 shops
Macy’s has introduced plans to shutter 150 shops over the following two years as a part of its “Daring New Chapter” technique, aimed toward restructuring the corporate amidst falling gross sales, shifting shopper behaviors, and the rise of on-line procuring. The closures will have an effect on iconic areas reminiscent of Los Angeles’ Broadway Plaza….