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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...

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