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Macy’s plans to focus more on luxury items and intends to open 15 Bloomingdale stores and 30 Bluemercury cosmetics locations, which are higher-end brands. Read more.
Team sizes are being reduced across the organization, and seniority is being scaled back in specific roles to rebuild and adjust levels throughout this year. Read more.
Macy's store closures come as a significant challenge when consumers turn to platforms like Amazon as their first shopping destination. Read more.