Macy’s Closing Stores

While the decision to close stores is difficult, it is necessary that we do so selectively in locations with declining sales and where we have been unable to identify sufficient growth opportunities.-Terry J. Lundgren, Macy’s Chief Executive Macy’s was never one of my favorite stores and it would make no difference to me if they closed them all. Wards closed and I don’t miss it. K-Mart is no longer in my market, and I don’t miss it. I have never been a big shopper at Dillards, Bloomingdale’s, Sak’s Fifth Avenue, or even Banana Republic. Much like Anne Hathaway’s clueless secretary…

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