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Shifting to online, Macy's to close 100 more stores

Monday 15 August 2016 | 11:31 AM CET

Macy`s, a US retailer, has announced it is closing 100 more stores by early 2017 while shifts its attention and resources to an ecommerce and digital strategy.

The closures follow the 38 Macy's stores closing from spring 2016, reports. Macy's has not yet said which stores will be closed. But analysts predict it will be at the end of the year in time for the holidays, and for year-end store-closing clearance sales.

In closing 15% of its 728 locations in the US, analysts said, Macy's appears to be acknowledging the reality of the rapidly shifting shopping habits of consumers in a digital age.

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