Macy's accelerates store closures this year

Macy's, which launched a comprehensive strategy to revive its struggling business, announced Wednesday that it is accelerating its planned store closures for the year.

CEO Tony Spring told analysts during an earnings call that Macy’s now expects to close about 65 locations this year, up from its previous forecast of 50 announced at the start of the year.

However, Spring added that the "closures will occur post holiday." 

The company is still on track with its plans to close 150...