Macy’s Shutting Down 30% of All Stores in Next 3 Years

Is it because of Amazon? Or black mass robberies?

Who knows.

Probably both.

NPR:

Macy’s, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods.

The company on Tuesday said it will shutter “underproductive” stores, while opening more of its better-performing, higher-end siblings: Bloomingdale’s and beauty-focused Bluemercury. Macy’s also plans to add smaller stores at outdoor shopping centers, which have been growing in sharp contrast to indoor malls.

All this is part of a do-or-die task for the quintessential American department store under a brand-new CEO. His plan, dubbed “A Bold New Chapter,” appears to acknowledge that Macy’s for years has been losing its traditional middle-class shopper — both to the yawning wealth gap dividing America and simply to other retailers, including brands that sell directly online.

I best those racists are gonna mostly close those in places where blacks live

Macy’s has yet to specify which stores will close, saying only that 50 will shutter this year and the rest by the end of 2026. Chief Executive Tony Spring said these locations accounted for a quarter of the company’s square footage but less than a tenth of its sales.

In January, Macy’s separately told employees it would shutter five stores and cut 2,350 jobs, around 3.5% of its workforce. This followed several other waves of closing stores and offices in recent years. The scale of layoffs from the newly announced retail closures is unclear. Once they are done, Macy’s will have 350 locations — just over half of what it had before the pandemic.

Well, the “pandemic” (there wasn’t actually a pandemic) happened at the same time as the George Floyd riots that caused the government to legalize black crime.

So…

Who knows?

I don’t care about Macy’s anyway.

I support black criminals.