Macy's to close dozens of stores after the holidays

Macy's to close dozens of stores after the holidays

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Macy's plans to expand to 65 locations by January 2025, exceeding previous expectations. On a recent earnings call, Macy's CEO highlighted initiatives aimed at increasing profitability. Additionally, the retailer intends to close 150 underperforming stores by 2026.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the duration of the initiative mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the total number of locations Macy's plans to have by the end of January 2025?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the previous expectation regarding the number of locations?

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OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the CEO of Macy's describe the impact of the initiative on profitability?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the number of underperforming stores Macy's plans to close through 2026?

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OFF