Macy's to close 150 stores, as concerns mount about the retailer's future

Macy's (M) seeks to shutter 150 of its "underproductive" retail locations over the next several years into 2026, outlined in its fourth-quarter earnings report. The retail chain rebuffed a $5.8 billion buyout offer from activist investors in January. Morningstar Equity Analyst David Swartz explains the message this sends for new CEO Tony Spring - who began his role as chief executive in early February - while also examining Macy's business model.
"I would have to say this is a disappointing way to start out a new job as CEO at Macy's, having to close 150 stores and lay off a lot of people," Swartz tells Yahoo Finance. "That doesn't exactly generate a lot of excitement among investors or employees, I would imagine. And, so, at this point, it's hard to have a lot of confidence at all on Macy's turnaround plan."
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[@San_Francisco_Downtown_Watcher]

Crime happens, robbery, mob and rob. Shoppers don't feel safe is the reason. Daddy and mama are not stupid enough to bring kids to a dangerous zone where filled with drug addicted and homeless, and don't want to have black kids stalking with you after shopping. My aunt was mobbed by 4-5 black kids with baseball bat at 7pm. She didn't call police because she said this is useless. You know how bad the situation.

[@289cobra9]

Stores closing all over the country.
This is what build back better looks like.

[@michael028]

Way to go San Francisco! You managed to chase another major retailer away. SF is getting hollowed out quick.

[@DrHughMonguscoque]

Damn you really didn’t watch the video at all did you?😂

[@michael028]

@@DrHughMonguscoque of course I did. The whole reason that this particular Macy’s is not viable is because downtown San Francisco is now a cesspool of homelessness and crime. Only San Francisco politicians could ruin one of the top shopping districts in the country. Do you follow buddy?

[@DrHughMonguscoque]

@@michael028 their closing Macys all over over the country. The analysts listed like 4 or 5 different reasons why Macy’s is failing and nobody in the video mentioned San Francisco, homelessness or crime even once…
Bro you’re not even a clown you’re the whole circus😂😂😂

[@thefinanceshow]

Thanks David

[@goodasgold2012]

But they say the economy is great!!!!!!!!!???

[@putnamstreetperezs8166]

🤣🤣🤣🤣They are building a brand new HUGE MACYS in Dallas and another in El Paso🤣🤣🤣🤣🤣🤣

[@donaldmcneil7281]

Omni demand store. See AI

[@Jack-bc5xg]

There to over priced

[@avanulaneway8418]

I hope Sears completely disappears! Sears Home Services is the most dishonest, fraudulent part of Sears. They are stealing money from customers.