Macy’s
People were shocked when Macy had announced that 1/5 of their stores would close after three years. Jeff Gennette, the CEO of the company, said that they would close 125 of their stores. According to Gennette, “We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams.” Now, the retailer was launching smaller shops in shopping centers.
Macy’s
Family Video
Family Video had one remaining store, and it was located in Bend, Oregon. In the past, it was known as “the largest movie and game rental chain.” in America. There were also reports from The Times of Northwest Indiana that hundreds of its stores had closed down. Family Video was established in Springfield, Illinois, in 1978. The company said on their website that “Recent events have caused us to make some tough business decisions.”
Family Video
