Macy's to close 66 underperforming stores across U.S.
- Macy's is closing 66 underperforming stores across the U.S., including five in North Texas, as part of its 'Bold New Chapter' strategy, which aims to close around 150 stores and invest in 350 locations.
- Tony Spring, chairman and chief executive officer of Macy's, stated that the closures are necessary to prioritize investments in stores where customers respond positively to better offerings and service.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left25Leaning Right12Center60Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 26%
C 62%
12%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage