NY /
The department store chain Macy’s has announced the closure of at least 28 stores in U.S after its sales volume has decreased for six consecutive years.
“We regularly review our catalog of stores and we will give more details next February 5,” spokesmen said. Macy’s through a statement.
A brand establishment will also be affected Bloomingdale’s, which also belongs to Macy’s, local media reported Thursday.
Since 2016, the Macy’s chain It has closed about 100 establishments and, in this new closure plan, local people from various states such as Florida, California or Georgia will be affected.
Macy’s sales data in the Christmas campaign were better than expected, although it declined again, specifically 0.6 percent, which relieved investors, who feared a much worse Christmas sales volume.
According to some analysts, after a change in the consumer habits of the buyers, the department store They have opted for a redefinition of their strategy with the closure of those less beneficial businesses, especially in decadent commercial areas, and they are investing in the locations that benefit the most.
In any case, and although some chains like TJMaxx dare to challenge the giant with very competitive prices, Macy’s continues to be the undisputed leader in the retail sector, with an annual sales volume of about 25 billion dollars, while employing about 130 thousand employees and keeping 680 stores open.
GGA
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