Macy's Raises This Year's Store Closing Estimate -- Market Talk

Dow Jones

2024-12-11

0912 ET - Macy's expects to close 65 stores this year up from a previous estimate of 55 locations. Macy's finance chief says the company is seeing "really good deal making." He says real estate deals have been at or above Macy's expectations. The company is on track to close 150 weaker stores by the beginning of 2027 so that it can focus on its top locations. Macy's tumbles 11% premarket. (Suzanne.Kapner@wsj.com)

(END) Dow Jones Newswires

December 11, 2024 09:12 ET (14:12 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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(Suzanne.Kapner@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 11, 2024 09:12 ET (14:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"M","symbol_name":"梅西百货","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490850943","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490850943","pubTimestamp":1733926320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0912 ET - Macy's expects to close 65 stores this year up from a previous estimate of 55 locations. 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Macy's tumbles 11% premarket.  (Suzanne.Kapner@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 11, 2024 09:12 ET (14:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}