Macy's is eyeing more store closures as part of its annual review, the Dow Jones reported Wednesday.
is eyeing more store closures as part of its annual review, Dow Jones reported Wednesday.A Macy's spokeswoman wasn't immediately available to comment on the report.company reported that holiday sales were better than some had fearedSame-store sales at the stores it owns and licenses fell 0.6% during November and December. At stores it has owned for at least a year holiday sales fell 0.7%, the company said Wednesday.
For the fiscal fourth quarter, which includes the holiday season, analysts had been calling for a 1.75% decline in same-store sales, according to a poll by Refinitiv. Macy's has been trying to win back customers, as shoppers head to the mall less frequently and shop more online. The department sore has been refreshing its store interiors and focusing on improving its product assortment.
Macy's CEO said customers were responding to the fresh merchandise and its marketing, particularly in the days leading up to Christmas.
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