Macy’s closes 68 stores

  CINCINNATI — Macy’s Inc. announced on Jan. 4 the closure of 68 stores out of a total of 730 as part of a series of actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy.

The retailer will also be reorganizing the field structure that supports its remaining stores with the aim to improve the customer experience through fewer stores. These store closures are part of the approximately 100 closings announced in August. Macy’s will also sell properties consistent with the previously announced real estate strategy.

These actions are estimated to generate . . .

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