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Why is Macy's closing 100 stores?

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Anonymous

∙ 10y ago
Updated: 8/21/2019

Macy's is suffering a decline in retail shopping just as many other stores did. Online shopping is really taking a toll on brick and mortar stores. Macy's is closing a lot of stores, but it isn't going bankrupt or anything.

Their new strategy is to concentrate the financial power of their best-performing locations. They plan to invest in strong stores by highlighting new vendors, increasing the size and quality of their staff, and investing in new technology.

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Wiki User

∙ 10y ago

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