Flash ReportMacy’s Announces New Three-Year Strategy, Closing Approximately 125 Stores Coresight Research February 5, 2020 Executive SummaryMacy’s announced a new three-year strategy to stabilize profitability and drive growth. The three-year strategy includes five pillars: strengthening customer relationships, curating quality fashion, accelerating digital growth, optimizing the store portfolio and resetting the cost base. Macy’s will prune 125 stores from its fleet of over 870, mostly in lower-tier malls. Macy’s will move its San Francisco macys.com headquarters to New York City, and will expand its technology presence in the Atlanta area. The company provided preliminary 4Q and full-year 2019 sales results and narrowed annual EPS guidance to the upper end of the range. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 18: What US Consumers Think About Tariffs—UpdateGroceryshop 2025 Day One: AI Drives Smarter Operations as Shoppers Seek Value and WellnessUS Store Tracker Extra, June 2025: 120+ Million Square Feet of Retail Space To Close This Year, Outpacing Openings by Over 1.5XSycamore Partners To Acquire Walgreens Boots Alliance—Exploring the Reasons for and Implications of the $23.7 Billion Deal
