Macy's to close 100 stores nationwide

Posted at 11:31 PM, Aug 11, 2016
and last updated 2016-08-12 06:24:01-04

Macy's plans to close about 100 stores next year and boost its online investments, the nation's largest department store chain said Thursday, as it tries to become more nimble in an increasingly fierce market.

The closures represent close to 14 percent of its stores under the Macy's brand. That follows Macy's move to shutter 40 stores this spring. 

Download the ABC2 News app for the iPhone, Kindle and Android.