Macy's Confirms Closure of 66 Underperforming Stores Across the U.S.
Macy's is set to close 66 stores as part of a strategy to focus on profitable locations, aiming to close a total of 150 by 2026.
Macy’s confirms closure of 66 stores
Straight Arrow News
Overview
Macy's will close 66 stores across 22 states in 2025, as part of a broader plan to shutter 150 underperforming locations by 2026. The closures are part of the 'Bold New Chapter' strategy, aimed at reallocating resources toward profitable stores. This move comes amid a significant rise in U.S. retail closings, with over 7,100 announced through November 2024. CEO Tony Spring emphasized the need to focus on better-performing locations, as the retailer competes with lower-priced options and online shopping. Macy's plans to invest in its successful brands, including Bloomingdale's and Bluemercury.
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