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Macy's plans to close approximately 150 stores, but hasn't done so yet. Competitors like Target and Kohl's see this as an opportunity to expand. The retail industry is witnessing shifts with companies like Deckers gaining market share. There is a trend of department stores losing customers, prompting discussions on how to save them and considerations of going private.
Proximity to Macy's locations, and increasingly overlapping customer profiles, help rival retail chains prepare to benefit from the department store's 150 closures. https://t.co/BWq2mto9fQ
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