Friday, June 14, 2013

Industry News: Decelerating

Macy’s will close its store at the Railway Exchange Building in downtown St. Louis. Macy’s will continue operating its other 8 stores in the Greater St. Louis area...Staples will be more aggressive than originally planned in its effort to trim stores it has in North America this year. The company is on target for a net reduction of 40 stores in 2013, compared with the earlier projection of 30 stores announced last fall. The company is sticking with its estimate of 45 store relocations and downsizings this year.

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