Macy's Restructuring Efforts: Balancing Dividends and Transformation Costs

Macy's is accelerating its restructuring efforts by closing its Owasso, Oklahoma fulfillment center and 14 stores, while offering affected employees transfers, severance, and transition support. The company is balancing its long-running dividend payments with the cash demands of a broader business transformation and supply chain modernization. The latest closures underline how much restructuring work is still ahead, and the key catalysts remain execution on the transformation plan, stabilization of comps, and evidence that recent operational gains are not driven by one-off items.