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Macy’s to Close 125 Stores

Macy’s is closing 125 stores nationwide as part of a three-year strategy to ditch under-performing locations. The department store seeks to target its growing digital business and expand in-store tactics that are working while testing new concepts. 

Like many other department-store chains, Macy’s legacy as a go-to for household and family needs has declined as shoppers look to other retailers, both online and at brick-and-mortar sites, while also shifting spending.

In 2020, Macy’s expects to preserve about $600 million in spending, some of which will flow to the bottom line and possibly stabilize operating margins that have been damaged by the company’s struggle to stay relevant.

By Jennifer Waters. Costar News. 2/4/2020

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Seabright Brewery has sold and the new owners are Jason McKay and Keiki McKay of Cantine Winepub in Aptos. Charlie Meehan and Keith Cranmer have owned the brewery for more than 30 years and will continue to stay on through the transition of ownership. ... See MoreSee Less

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Seabright Brewery has sold and the new owners are Jason McKay and Keiki McKay of Cantine Winepub in Aptos. Charlie Meehan and Keith Cranmer have owned the brewery for more than 30 years and will continue to stay on through the transition of ownership. ... See MoreSee Less

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