Macy’s announces closure of 150 stores

The move, described by Macy’s as “A Bold New Chapter,” is expected to strengthen the Macy’s nameplate and improve customer relationships through enhanced shopping experiences, relevant assortments, and compelling value.

Macy’s CEO Tony Spring, who recently took over the role after leading Bloomingdale’s for nine years, has emphasized the importance of this transition in reinvigorating the company’s connection with its customers. “A Bold New Chapter serves as a strong call to action.

It challenges the status quo to create a more modern Macy’s, Inc. We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, relevant assortments and compelling value,” said Tony Spring, chief executive officer, Macy’s, Inc.

“Our teams are energized by the work ahead as we accelerate our path to market share gains, sustainable, profitable growth and value creation for our shareholders.” Despite the planned store closures, Macy’s is not retreating from the retail scene. Macy’s, Inc…