Macy's Is Closing 28 Stores.
The locations to be shuttered
are located in 18 states around the U.S.
In addition to the Macy's stores,
one Bloomingdale's will also close.
Macy's Nov. and Dec. sales
fell 0.6 percent.
The department store recently
reported a 3.9 percent decline in sales
for stores open more than a year.
Macy's CEO Jeff Gennette
blamed several issues for declining
sales, including warm weather.
Discount chains such as Target
and T.J. Maxx also likely played a role.
In 2019, more than 9,000 retail
stores closed all around the country