With bare shelves and signage declaring discounts of up to 70%, the Macy’s department store on 7th Street in downtown Los Angeles is heading for its final days. Last February, the department store’s owners announced that 150 locations were going out of business. “Closing any store is never easy,” Tony Spring, chairman and chief executive officer of Macy’s, Inc. said in a statement . “But as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores.”
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