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.
store closures
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
Dressbarn, Women's Clothing Chain, To Close All Stores
The company's CFO, Steven Taylor, called it a difficult decision but said the "chain has not been operating at an acceptable level of profitability in today's retail environment."