NYSE:MMultiline Retail
A Look At Macy's (M) Valuation As Store Closures Advance Its Bold New Chapter Plan
Macy's (M) has confirmed it will close 14 stores this year as part of its Bold New Chapter plan to shutter about 150 department stores by 2026, concentrating investment in higher performing locations.
See our latest analysis for Macy's.
The store closures sit against a mixed but improving share price picture, with a 32.78% 90 day share price return and 53.36% 1 year total shareholder return suggesting momentum has been building recently.
If Macy's footprint rethink has you reassessing retail,...