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Macy's forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores through 2026 as part of its new turnaround plan. The retailer did not provide details on the location of stores set to close or how many employees will be laid off. The move comes as sluggish sales has landed the upscale retailer in the crosshairs of activist shareholders and attracted potential bidders.