Macy's Inc (M.N) said it plans to shutter 100 more stores, representing about 14 percent of its total, as it tries to turn Business News | Thu Aug 11, 2016 | 7: 30pm EDT The company did not identify the store locations, but said the 100 mostly.
Yet Macy's stock can perform well even if revenue continues to decline. The company's cost cuts and store closures should keep free cash Follow him on Twitter for the latest news and commentary on the airline industry!...
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Analysts said the store closures and other recent initiatives were steps that would help Macy's recover but some said there were still issues that needing addressing. Visit the IBD Store to get. On the bright side, its online business continues to thrive. All content of the. Retail consultancy firm Customer Growth Partners' Craig Johnson said Macy's still needed to make more progress.