As Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better locations or that sell luxury goods.
The changes reflect a focus on what's working at Macy's — higher-end department store Bloomingdale's and beauty chain Bluemercury — and what's not — its namesake stores, particularly the ones at struggling malls.
In its holiday quarter results posted Tuesday, the retailer said its Macy's department stores performed worse than both Bloomingdale's and Bluemercury.
Macy's had already announced in January that it would close five namesake stores and lay off more than 2,300 people.
Here's a closer look at Macy's major store announcements, broken down by store brand.
Persons:
Macy's, Tony Spring, Spring
Organizations:
CNBC