Macy's Strategic Overhaul: 66 Store Closures Signal Major Retail Transformation

Retail giant Macy's unveils plans to close 66 stores by early 2025 as part of its 'Bold New Chapter' strategy, aiming to shutter 150 locations by 2026. The restructuring initiative focuses on investing in 350 remaining stores while expanding luxury divisions Bloomingdale's and Bluemercury.