High-End Stores That Will Shutdown All Of Their Branches This Year

Macy’s

Macy’s is the latest retailer to announce a round of cost-cutting measures in the near future. In January, the company stated that 45 sites would close permanently in 2021. According to CNBC, the closures are part of a larger strategy by Macy’s to eliminate 125 stores by 2023, limiting the company’s footprint to high-end retail.

Macy’s

Bed Bath & Beyond

After closing 200 stores this year, Bed Bath & Beyond plans to eliminate another 200 stores in 2021. According to USA Today, by the end of February, another 43 stores would be permanently closed. In total, 19 states will be affected by the closure, with California accounting for nine of them.

Bed Bath & Beyond