Why Is Everyone Talking About The Closing Of These Store Brands?

Published on 04/16/2020
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Foot Locker

In March, Foot Locker Inc. revealed that 167 of their stores would be closing. In its remaining locations, it will invest heavily, spending millions in the process. The change is an effort to increase its margins of income. Shareholders of the shoe company were delighted at its strong results in the fourth quarter of last year.

Foot Locker

Foot Locker

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Macy’s

In the early part of this year, Macy’s closed 8 of its stores. The closures are just part of a series of closures they prepared and confirmed a couple of years ago. This initiative would have an effect on two California stores and one store in each of these states: Indiana, Massachusetts, New York, Virginia, Washington, and Wyoming.

Macy's

Macy’s

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