Macy’s Inc. announced plans to close 14 stores nationwide. The closures span multiple states, including California, New York, and Michigan. Furthermore, the brand plans to shut down a total of 150 stores across the nation by the end of 2026.
Macy’s to Close 14 Stores as Part of Nationwide Downsizing Plan
Macy’s, headquartered in New York, rolled out a new restructuring strategy in early 2024. The approach is aimed at closing underperforming stores across the country in order to strengthen its long-term profitability. As part of this plan, the company is streamlining its store network to focus on locations with stronger performance.
According to a report by USA Today, the closures represent the latest phase of Macy’s plan to shutter roughly 150 underperforming stores by the end of 2026.
The closures include at least one store each in:
- 5500 Grossmont Center Dr., La Mesa, California
- 3400 Naglee Rd., Tracy, California
- 4880 Briarcliff Rd. NE, Atlanta, Georgia
- 7900 Ritchie Hwy., Glen Burnie, Maryland
- 3850 Rivertown Pkwy. SW, Michigan
- 4101 W Division St., Saint Cloud, Minnesota
- 50 Fox Run Rd., Newington, New Hampshire
- 112 Eisenhower Pkwy., Livingston, New Jersey
- 225 Interstate Shopping Center, Ramsey, New Jersey
- 1255 Niagara Falls Blvd., Amherst, New York
- 3801 Sumner Blvd., Raleigh, North Carolina
- 100 Pittsburgh Mills Cir., Tarentum, Pennsylvania
- 5488 South Padre Island Dr., Corpus Christi, Texas
- 17855 Southcenter Pkwy., Tukwila, Washington
The department store chain was founded in 1858 and is known for its wide variety of products, including apparel, home goods, beauty products, and more.
Retailer Says Closures Will Help Reinvest in Stores
Tony Spring, chairman and chief executive officer of Macy’s, Inc., told USA Today that the company is continuing to execute its ‘Bold New Chapter’ strategy by making targeted adjustments to its store footprint to better serve customers and support long-term growth. He said these moves would allow the retailer to reinvest in its go-forward stores and digital capabilities.
Macy’s expects the changes to strengthen its business performance over the next two years.
