Macy's shutting dozens of stores as part of new strategy following lackluster 2024
1. Macy's plans to close 66 stores to streamline operations. 2. Investment in 350 'go-forward' locations aims for future growth. 3. Previous announcement revealed closure of 150 'underproductive' stores. 4. Macy's stock fell over 15% in the past year. 5. Lower demand forced Macy's to cut annual profit forecast.