by Mike LaChance at The Gateway Pundit
Macy’s announced this week that they are closing 150 stores across the country. It’s just another feather in Joe Biden’s cap that this is happening on his watch.
Bidenomics is not working out well for retailers – or customers.
From WECT News:
Macy’s to close 150 stores over 3 years as sales slip
Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales.
As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting areas and shoe departments, while adding more visual displays like mannequins. At the same time, the company signaled a pivot to luxury, which has fared better overall. It said it would open 15 of its higher end Bloomingdale’s stores and 30 of its luxury Bluemercury cosmetics locations.
The Macy’s stores set to close account for 25% of overall square footage but less than 10% of its sales, the company said.
In San Francisco, the flagship store is closing and as usual, theft was a big reason.
From the San Francisco Standard:…
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