Thursday, August 11, 2016

Macy’s closes 100 stores – Västerbotten Courier

The American department store chain Macy’s plans to close hundreds of stores early next year, about 14 percent of the company’s department stores.

The closures are the latest in a long series of measures to boost growth after the fight against discounters and online retailers hardened.

Sales fell nearly four percent in the second quarter, which was still better than analysts had feared. Handväsk-, jewelery and watch sales acted sinkers.

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