Will Macy’s Close NYC Herald Square Store? Retail Giant To Shut Down 100 Locations
August 13, 2016
Macy’s announcement that it will be shuttering 100 of its department stores failed to mention one crucial piece of information — which locations will be axed. The major retail chain, which is suffering from declining sales, has 728 stores to choose from.
However, at least two things are known for certain: the stores will close in 2017 and the closings will reportedly result in Macy’s losing about $1 billion in volume.