Retail store portfolio optimization through closures and conversions

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Several retailers are executing significant strategic pivots involving store portfolio restructuring. Shoe Carnival abandoned its single-banner strategy for a permanent two-banner model with 12-14 store closures planned, Signet discontinued James Allen and Rocksbox brands with $32.7M in write-downs, Macy's expanded its Reimagine program to 200 locations, and Dick's Sporting Goods closed 88 Foot Locker stores. These moves reflect ongoing retail portfolio optimization amid shifting consumer patterns.

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