Macy’s has announced it will close 100 more stores due to a consumer preference for online shopping. They did not specify which stores will be closing but most of them will be shut down in early 2017.
The 100 closings represents 15 percent of the company’s stores. Macy’s says its new strategy is to focus more on its locations that are still performing well. This new round of store closings is on top of the 40 announced earlier this year. The closings will also result in mass job cuts.