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Macy’s To Close 100 Full-Line Stores

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Seeing second quarter sales decrease nearly 4%, Macy’s Inc. this morning announced plans to close 100 of its 675 full-line stores – about 15% of its fleet.

“The announcements we are making today represent an advancement in our thinking on the role of stores, the quality of the shopping experience we will deliver, and how and where we reinvest in our business for growth,” said Jeff Gennette, Macy’s current president and CEO designate starting in…

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