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Retail news around the globe

Macy’s to shut 45 stores Macy’s is shutting down 45 stores this year as part of its three-year plan to lower store count and focus on its most productive locations.  The US department store announced last year that it planned to close 125 of its lowest performing stores. It closed 30 stores in 2020. “Macy’s is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls,” a statement read. Macy’s, which op