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Macy’s Announces That They Will Close 100 Stores? What!

What in the world is going on…. Since 1858 Macy’s steadily grew from an ambitious  idea to a billion dollar company with  consumers slowly taking their shopping online, the conglomerate announced a decision that’s turning heads.

According to Reuters, Macy’s will close about 100 stores in order to ” turn around its business after six  quarters of falling sales.” To sustain their flagship stores like the herald square location in New York City, Macy’s will seek out partnerships.

Macy’s Chief Executive Terry Lundgren shared a statement on the decision, revealing, “Over the past few months, we have been saying that a setback is a setup for a comeback, and we now believe we are set up well to proceed to a comeback.”

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