Macys Store Closures 2025: Check If Your Location Is Affected

New York (Samachar Pranali) :

As part of a previously revealed turnaround plan to salvage the firm, struggling retailer Macy’s is closing several dozen locations.

Macy’s announced last year that it plans to reduce its footprint to about 350 locations by 2026 by closing 150 underperforming stores. This multi-year program includes the 66 store closures that were announced on Thursday. Nevertheless, Macy’s had not yet revealed which particular locations will be closing.

Although “closing any store is never easy,” according to a news release from Macy’s CEO Tony Spring, the chosen locations were judged “unproductive” for the company’s alleged Bold New Chapter goal. This tactic entails turning attention to affluent consumers, especially through its Bloomingdale’s and Bluemercury brands.

The retail sector has grown divisive in recent decades. Cost-conscious retailers like Walmart have done remarkably well on one end of the spectrum. Conversely, as wealthy consumers continue to spend despite rising costs, luxury brands have prospered. Macy’s has found itself stuck in the middle.

Spring added, “The company is closing less productive Macy’s stores to focus our resources and prioritize investments in our forward-moving stores, where customers are already responding positively to improved product offerings and enhanced services.”

This tactic is intended to counteract activist investors and improve the company’s stock performance and dwindling sales. However, Macy’s shares have fallen by over 15% since the plan was announced a year ago.

The corporation has been pressured by activist investors to make adjustments in order to boost its stock and prospects. They contend that Macy’s has more valuable real estate than the business itself and that the stock is so ugly as a result of its troubles that its value is lower than the sum of its parts.

Macy’s has refuted this assertion, stating that it is moving in the direction of sustainable expansion.

A variety of flagship department stores, furniture-focused spinoffs, and Backstage, Macy’s bargain-hunting equivalent of Marshalls and T.J. Maxx, are among the 66 impacted locations. A few businesses have already shuttered, and liquidation sales will start in the next several days.

These are the Locations Macy’s plans on closing:

Macy’s store closures across different states:

According to Macy’s, since the launch of the previously mentioned Bold New Chapter plan, investments in the First 50 pilot Macy’s shops have increased revenues for three straight quarters and helped to set new records for customer satisfaction.

Macys Store Closures 2025: Check If Your Location Is Affected

Read also; Kohls Announces Closure of 27 Stores