Macy’s has announced the closing of 68 stores including one at CityPlace in West Palm Beach.
It said the store closures are part of the approximately 100 closings announced in August 2016.
“Over the past year, we have been focused and disciplined about making strategic decisions to position us to gain market share and return to growth over time. While we are pleased with the strong performance of our highly developed online business, as well as the progress we have made on selling and visual presentation programs and expense reduction initiatives in 2016, we continue to experience declining traffic in our stores where the majority of our business is still transacted. Given the overall trends challenging us and the broader retail industry, and the time needed to execute new strategies, we expect our 2017 change in comparable sales to be relatively consistent with our November/December sales trend,” Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc., said in a statement.