Macy's lowers holiday sales prediction
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Source: retaildive.com
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Macy’s on Friday said consumers’ budgets are under pressure and that it expects the squeeze to continue into this year.
The retailer will close locations in California, Colorado, Hawaii and Maryland, but it's focusing on opening new concept stores.
Macy's will be closing four locations in four states, a Macy's spokesperson confirmed to FOX Business on Thursday. The news was first reported by Axios.
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