Macy’s will close 66 stores this year. Here is where they are.
macy’s department store Closing 66 stores What it says is poor performance. The closure is part of the storied retailer’s turnaround strategy.
The company calls its closed brick-and-mortar stores “non-forward” locations. These include Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Outposts in Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington.
As part of its “Bold New Chapter” strategy announced in February 2024, Macy’s plans to close 150 “unproductive” stores over three years while investing in 350 stores it believes are worthy of continued operation.
“Closing any store is never easy, but as part of our bold new chapter strategy, we will close unproductive Macy’s stores so we can focus our resources and prioritize investments in our future stores, which are Customers have responded positively to the better products, Macy’s Chairman and CEO Tony Spring said in a statement Thursday.
Macy’s isn’t the only retailer closing brick-and-mortar stores. corporate Accelerate store closing Meanwhile, big-box stores are struggling, fewer shoppers are heading to malls and more Americans are buying essentials online, a shift that has occurred during the pandemic.
According to data from research firm CoreSight, U.S. retailers have announced more than 7,100 store closures as of the end of November 2024, a 69% increase from the same period last year. The report said that 45 retailers filed for bankruptcy in 2024, while 25 retailers went bankrupt in all of 2023.
As Macy’s closes stores, it’s betting on the success of other brands, including high-end Bloomingdale’s and cosmetics chain Bluemercury. The retailer said it plans to open 15 Bloomingdale’s stores and 30 Bluemercury stores over the next three years, as well as remodel about 30 existing Bluemercury stores.
This is Complete store list Macy’s will close in 2025.
