Why Macy's is closing 150 department stores
The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.
department stores
J.C. Penney Files For Bankruptcy As Lockdowns Take Their Toll
J.C. Penney began 2020 with hopes of yet another turnaround. Instead, the coronavirus shutdowns across the country have forced the department store and mall mainstay into bankruptcy.
Neiman Marcus Bankruptcy Is 1st By A Department Store During Coronavirus Crisis
The luxury chain known for its extravagant Christmas Book catalog had been losing money before the pandemic. The move follows J.Crew's bankruptcy filing on Monday, foreboding potentially more to come.
Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle
The cuts and closures are part of the Macy's attempt to stabilize its finances and rethink its future. It's also trying out smaller stores outside of malls
Sears, Kmart And Macy's Will Close More Stores in 2018
2017 was bleak for retailers and 2018 is not starting off any better. Several major department stores, still hurting from declining sales, plan closures in locations nationwide.
Can Sears Survive? Maybe Not, Company Admits In Financial Filings
Shares of the company's stock tumbled 12 percent today after the company acknowledged Tuesday that its future viability is not a sure thing. The company lost $2 billion last year.