Florida mall owners in limbo as Macy’s closes 150 stores

Retail giant Macy’s is closing 150 stores in the next two years, but it is not clear yet how many of the chain’s 11 stores along the Gulf Coast will be affected.

The company announced the closings Tuesday when it unveiled what it calls a “bold new chapter.” It did not, however, immediately disclose what stores would shut down and did not respond to a request for list of stores that are slated to close.

The company, which said 50 of the stores would shut down before the end of the year, described the stores facing closure as “underproductive locations.”