One Bloomingdale's store in Florida also closed. The company's first round of closures, announced in January, included locations in 19 states from California to Florida and as far west as Hawaii. Macy's had said it planned to save $1.5 billion by the end of 2022, but Gennette said Wednesday that the target savings was now $2.1 billion. Macy's announced in February that it planned to cut 2,000 jobs and close 125 stores over the next three years. Masks required: Uber will soon require selfies for some riders with an expansion of a mask verification feature Target's Good & Gather growing: 600 more products coming to food and beverage brand, including signature line Penney said negotiations to sell the retailer to one of the largest mall owners in the country or other investors have stalled, placing the retailer on the edge of a potential liquidation of the entire chain. In a court hearing this week, a lawyer for J.C.
27 that it was closing all of its 38 stores. Penney, Lord + Taylor and Neiman Marcus are among the department store chains that have filed for bankruptcy and announced store closures. Save better, spend better: Money tips and advice delivered right to your inbox. "With many competitors closing or struggling, we see the potential to bring new customers into our brands and gain market share." And while that disruption creates challenges, it also holds opportunity," Gennette said. still plans to close one-fifth of its stores or roughly 125 locations over the next couple of years and will open smaller, freestanding stores, officials said Wednesday.īut the timeline for the store closings could be adjusted as Macy's monitors the competition and recovery from the coronavirus pandemic, Macy's CEO Jeff Gennette said Wednesday during the retailer's quarterly earnings call with analysts. Watch Video: Macy's closing 125 stores, slashing 2,000 jobs
0 kommentar(er)
