Macy's to shut 150 stores in growth, revitalization plan

NEW YORK, Feb. 27 (Xinhua) -- In a move to streamline operations and focus on its core business, U.S. department store chain Macy's on Tuesday announced a strategic plan dubbed "A Bold New Chapter."

The plan, while outlining broader initiatives, notably includes the closure of approximately 150 underperforming stores by 2026. This significant decision aims to allocate resources more effectively, allowing the company to focus on revitalizing and modernizing the remaining 350 locations.