Macy’s() announced the closures Thursday. They represent about 15% of all Macy’s department stores. The iconic retailer did not disclose the locations of stores, but said most of them will be shut down in early 2017.
Sports Authority, once the nation’s largest sporting goods retailer, is shutting all 450 of its stores after filing for bankruptcy. Other traditional retailers such as Target ( ), JC Penney ( ), Kmart, Sears ( ) and Kohl’s ( ) have also pulled the plug on hundreds of stores in recent months.