19 Michigan Macy’s stores face closure threat with latest announcement – Detroit Free Press 8/11/16

19 Michigan Macy’s stores face closure threat with latest announcement – Detroit Free Press 8/11/16

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Van Conway, CEO of management consulting firm Van Conway & Partners, said it is unusual for national retailers to close store locations that are still profitable. This could be a smart move for Macy’s, he said, as it allows the company to focus attention and capital on bolstering its strong-performing stores.

Nevertheless, he said it’s unlikely this newest round of Macy’s store closures will be the last because Internet shopping continues to chip away at all bricks-and-mortar retailers. “It’s hard to imagine that they can stay at 700+ stores for the next 10 years”

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