Quote:
Originally Posted by AlphaDeltaDelta
They close stores every year... This really isn't that big of a deal...
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No, actually...this kind of is a big deal. For a major chain to close any stores in January, when they should be flush with success from the holiday season, is indicative of exactly how badly the economy is impacting mid-range retail.
Also, if you understood that other store chains such as Saks and Nordstrom are actually to add more stores--some in the same cities where Macy's is shuttering locations--it's also indicative of how badly Macy's failed at their buyout and reconceptualization of those chains.
Yes...they "close stores every year," but rarely during the first week of the year!