February 4, 2020 / 9:29 PM / 14 days ago

Macy's to close 125 department stores in next three years

Feb 4 (Reuters) - Macy's Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years, including about 30 stores that are already in the process of closing.

The 125 stores currently account for about $1.4 billion in annual sales, the company said.

Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli

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