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US retailer Macy's to close 150 stores
US retailer Macy's to close 150 stores
Economy
by  AFP

The iconic but struggling US department store Macy's announced plans on Tuesday to close around 150 locations by 2026, while concentrating investments in its more upscale Bloomingdale's and Bluemercury brands. Luxury brands Bloomingdale's and Bluemercury have been "outperformers within the Macy's, Inc. portfolio," the statement said.

UK 'net zero' economy bucks recession: study
UK 'net zero' economy bucks recession: study
Economy
by  AFP

Britain's green economy grew in 2023 to buck a broader recession, a report showed Tuesday that urged politicians heading into a general election to stick by climate-friendly investments. The overall British economy slipped into recession in the last six months of 2023, according to official data.