As a result of the “work from home” era and massive drops in tourism, Macy’s looks to close the doors of 10 of its downtown locations. With the increase in digital sales, there is a massive decrease in foot traffic. However, there is hope. The rate at which people are returning to work is nearly doubling each quarter. MACY’S is not the only retailer facing closures. CVS is planning to close an excess of 900 stores in the next 3 years.
