Matt Egan

In a sign of how dramatically the retail shopping landscape is changing, Macy’s is closing 100 of its stores nationwide. Macy’s announced the closures Thursday. They represent about 15% of all Macy’s department stores. The iconic retailer did not disclose the locations of stores, but said most of them will be shut down in early 2017. The Macy’s move is the latest in a wave of store closures amid the rise and success of Amazon and other online shopping options. For instance, Walmart announced plans in January to shut down 269 stores this year and just this week, inked a $3.3 billion deal to acquire Amazon rival Jet.com. Sports Authority, … Continue reading Matt Egan