Roughly 150 Macy’s stores will close over the next three years, with these first 66 closures affecting dozens of states in 2025.
SAN FRANCISCO — Macy’s is closing 66 stores across the country in this year as it tries to turn the company around after years of faltering sales.
The locations are expected to close sometime in the first half of the year. Macy’s announced a plan last year to close roughly 150 “unproductive stores” as it tries to “return the company to sustainable, profitable sales growth.”
The closures will happen over a three year period, with the first 66 closing some time in 2025. Many are expected to close in quarter one of the year.
“Closing any store is never easy,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc. in a statement. “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 …