Macy's Store Closures and Financial Challenges

Macy's plans to close 150 locations by 2028, with 65 stores closing by the end of 2024, aiming to become more profitable and reduce the total number of stores from 1,100 in 2008 to 350. Sales dropped by 2.4% in Q3, and an employee hid up to $154 million in expenses. Shares dropped by 12% after the earnings call.

Target's decision to cut LGBTQ-themed merchandise during Pride Month

Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June after facing backlash last year, but will offer the full assortment online and in select physical locations. The retailer remains committed to supporting the LGBTQIA+ community year-round.