Macy's Closing Roughly 125 Stores And Moving HQ To NY
By Andrew McIntyre (February 4, 2020, 7:03 PM EST) -- Macy's is closing roughly 125 stores in underperforming malls over the course of the next three years and will make New York its sole headquarters, according to an announcement from the retailer on Tuesday.
The move comes as brick-and-mortar stores across the country are seeing slumping sales and reductions in foot traffic as shoppers continue to migrate away from physical stores, opting instead to make their purchases online. Same-day shipping has also accelerated the trend, since consumers now may only have to wait hours to have their purchases delivered.
Macy's said on Tuesday it would close stores in its "lower tier malls" and...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!