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January 02, 2008
Macy's To Close Nine Low-Volume Locations
Macy’s is shuttering nine stores that didn’t meet its minimum volume requirements and have low growth prospects. The stores, which include locations in Ohio, Texas, Oklahoma, Utah and Indiana, will be closed over the next several weeks.
Macy’s CEO Terry Lundgren played down the closings by saying that the company would open new stores in better performing markets. Five openings are planned for 2008 and nine for 2009.
Posted by Blacks on January 2, 2008 09:43 AM
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