Macy's: Macy's to close 66 underperforming stores across U.S., Iconic locations in CA, TX, FL to shutter

Macy's has started closing 66 underperforming stores across the U.S., including locations in downtown Los Angeles, Center City Philadelphia, and several sites in Texas, California, and Florida. While these closures signal a shift for the retailer, bargain hunters are cashing in with discounts of up to 90% on merchandise. A standout closure is at Sunrise Mall in Massapequa, New York, which, according to Greater Long Island, is now a near-empty "ghost mall" with Dick's Sporting Goods as its sole anchor. The mall's owner is considering redevelopment plans. These closures are part of Macy's strategy to streamline its operations and improve performance across the country. ... Story continues