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 aims to close 150 "underproductive" stores over three years, while investing in the 350 locations it has deemed worth continuing to operate as part of its "Bold New Chapter" strategy, announced in February 2024.
Macy's will close 66 stores this year. Here is where they are.
CBS News·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Macy's has struggled for years as online shopping and lower-priced options have grown and the chain's . Over the past decade, its share price has been down more than 50%.
Macy's is closing 66 locations this year — see if yours is on the list
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Macy’s is closing 66 stores across 22 states in an effort to “return the company to sustainable, profitable sales growth,” the retailer said in a Jan. 9 statement.
Macy’s and Kohl’s Announce Closures of 93 Stores in Total
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The department store chain said Thursday that the move is part of its “bold new chapter” strategy, which was announced in February of last year.
Macy’s confirms closure of 66 stores
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Macy’s has been caught in the middle.
Macy’s is closing 66 locations. See if your store is on the list | Business
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These closures come on the heels of a tumultuous year for many major retailers and fast-food chains.
Macy’s, Kohl’s announce nationwide store closures: Here’s where
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Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service.
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Macy’s has struggled to get back on its feet after a lackluster 2024.
Macy’s shutting dozens of stores as part of new strategy following lackluster 2024
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Macy's said in a press release Thursday that it plans to shut down 150 "underproductive" Macy's store locations by 2026 as part of its revitalization plan, which "is designed to return the company to sustainable, profitable sales growth."
Macy's lists 66 'underproductive' stores set for closure; over 80 closures still to come
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Macy's is closing 66 stores as part of its "A Bold New Chapter" plan, with liquidation sales set to start in January, the retailer confirmed to Axios Thursday.
More Macy's stores to close in 2025. See the list of closing locations.
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Summary
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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History
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