Another Giant Retailer To Close Stores
The news from the retail front has not been good so far this year, and we are barely into January.
Now Macy's is reportedly closing more than two dozen stores across the United States.
Some are calling it the retail apocalypse. Pier 1 just announced they would be shutting down half of their stores and now the news from Macy's.
The giant retailer says they will be closing at least 19 stores in the next couple of months. Corporate officials would not confirm how many stores are closing. They did release a statement saying that they regularly review their store portfolio and will provide an update at their Investor Day on February 5th.
Clearance sales will begin this month and run for 8 to 12 weeks.
Looking at the list of stores to close, luckily none of those closing at this time are in Michigan.