Macy’s To Shutter 66 Locations Over Coming Year

CBS News reports:

Macy’s is closing 66 store locations that it has said are underperforming. The closures are part of the storied retailer’s turnaround strategy.

The company referred to the brick-and-mortar stores it’s shuttering as “non-go-forward” locations. They include outposts in Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington.

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.

Read the full article. The NYC area will see five closures.

Macy’s will close 66 stores this year. Here is where they are. https://t.co/r9APMZa9rT

— CBS News (@CBSNews)

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