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Macy's shutters five and more may be on the way.
January 6, 2010
By: TOM BRANNA
Editor
With the holidays behind them, retailers are reviewing results, reworking inventory and maybe, shutting some doors. Consolidation at retail almost always takes place early in the new year and 2010 was no exception when Macy’s announced yesterday plans to shutter five units. But this year may be more harsh than usual. According to a report by ExcessSpace Retail Services (ESRS), there could be more than 10,000 store closings in malls in 2010. In 2009, about 7,000 stores closed, though the...
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