Macy’s shutting doors across the county; Connecticut locations remain open for now
Macy’s announced on Tuesday that it plans on closing 150 of its stores in the next three years – including 50 by the end of 2024.
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Macy’s is downsizing after a fourth-quarter loss and declining sales popular department store chain.
Macy’s announced on Tuesday that it plans on closing 150 of its stores in the next three years – including 50 by the end of 2024.
Macy’s has six locations across the state, including the Connecticut Post Mall, Danbury Fair Mall, the Trumbull Mall and the Stamford Town Center. There is no word yet on if those stores will be affected.
Department stores nowadays face intense competition from online rivals. The company said while it'll be closing underperforming stores, stores that do well could see upgrades in the coming months. Macy's also hinted at a pivot to luxury brands.
Macy's will open smaller versions of its popular brands with 15 more Bloomingdale's and 30 Blue Mercury stores.
