Macy’s will close 45 stores this year

The senior management of Macy’s confirmed yesterday the closure of about 45 stores this year in the United States, As part of the restructuring plan he put in place in 2020, and with which he plans to phase out a total of 125 stores by 2023.

The purpose of the chain will be to get out of all the low-performing stores, located in low-traffic malls, to focus on the busiest establishments, the Reuters news agency reported.

The cuts will also involve the elimination of 2,000 jobs.

The company has not yet revealed the list of stores that will close. However, Ambar Gai, vice president and general manager of Macy’s in Puerto Rico informed this newspaper that the two establishments on the island will remain in operation. “Neither store is going to close,” he argued in written statements. These stores are located in the Plaza Les Americas Mall and in the Caribbean Square in Ponce, and in both Macy’s is one of the anchor stores.

When the original closure plan was announced last February, the largest department store company in the United States with 750 stores – including Macy’s, Bluemercury and Bloomingdale’s – said it strategy would save him about $ 1.5 billion over the next three years.

The expectation is during this period to increase efforts to maximize their online sales platforms, relocate their stores to smaller spaces and introduce new brands at more affordable prices.

During 2020, about 29 Macy’s stores closed in the United States.