In latest retail shake-up, Macy's announces it's closing 150 stores

Bianca Popa

Jan. 10 (UPI) -- Macy's said on Thursday that it plans to close 150 stores in 22 states throughout the country for underperformance as the company's next step in finding its way to profitability again. Macy's made the announcement in a news release on Thursday, naming 66 of the 150 stores and saying it will identify the remainder at a later date. Advertisement The company is calling the closings part of its "Bold New Chapter" strategy designed to return it to profitability, culling poorly

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