Macy's will close about 150 department stores, but open new locations of better performing chains

People shop at the Macy's store on Herald Square on January 19, 2024 in New York City.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 a luxury focus.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 resu ...