Macy's to shutter 150 stores, expand Bloomingdale's

America’s largest department store operator, Macy’s, announced on Tuesday it would close 150 of its stores as part of a strategic shift under new CEO Tony Spring. The company, facing challenges, will focus on expanding Bloomingdale’s, aiming to create a more modern Macy’s, Inc. The move is seen as an effort to enhance customer relationships through improved shopping experiences, relevant product assortments, and compelling value propositions. 50 stores are expected to close by the end of the year.