Macy’s
Macy’s is the latest department store chain to announce a wave of location closures in the coming years. The company said in January that it plans to permanently close 45 outlets by 2021. According to CNBC, the layoffs are part of Macy’s larger plan to eliminate 125 locations by 2023, limiting its presence to top-tier malls.
Bed Bath & Beyond
Bed Bath & Beyond announced the closure of 200 locations last year and plans to close another 200 in 2021. According to USA Today, 43 more locations would close indefinitely by the end of February. The closures would take place in 19 jurisdictions, nine of which are in California.