Macy’s Fix for Department Store Woes: Fewer Stores

August 11, 2016 6:57 PM

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Macy’s Fix for Department Store Woes: Fewer Stores

Macy’s and Kohl’s post falling sales and slower traffic, but results were better than feared

Macy’s Inc. M 17.66 % said it would close 100 stores, admitting that some locations were worth more as real estate than retail outlets as shoppers continue to spend more online and at discount chains.

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