Macy's is closing 66 stores. Here's where they're located
Macy’s on Thursday named 66 stores it plans to close this year.
The slew of "non-go-forward" locations that Macy’s said will permanently close are spread across 22 states, including 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.
The closures stem from the "Bold New Chapter" initiative the retailer has been implementing since last February to "return the company to sustainable, profitable sales growth," according to a press release.
Shuttering about 150 "underproductive" stores by the end of 2026 is one of the measures that Macy’s previously outlined for the initiative.
MACY'S ACCELERATES STORE CLOSURES THIS YEAR
A "majority" of the 66 stores that Macy’s identified on Thursday will shut their doors for good during the first quarter of 2025, according to the document listing the locations.
These are the locations of the closing stores:
Arizona
California
Colorado
Florida
Georgia
Idaho
Illinois
Louisiana
Massachusetts
Maryland
Michigan
Minnesota
Missouri
New Jersey
New York
Ohio
Oregon
Pennsylvania
Tennessee
Texas
Virginia
Washington
"Closing any store is never easy, but as part of our Bold New Chapter strategy, 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 to better product offerings and elevated service," CEO Tony Spring said in a statement.
Under Macy’s "Bold New Chapter" initiative, the retailer is also making investments in its "go-forward locations" and looking to open more small-format locations. There are a total of 350 "go-forward" stores, the company has said.
HOW MACY'S CAN TURN AROUND ITS BUSINESS AS DEPARTMENT STORE STRUGGLES
Macy’s will "simplify and modernize end-to-end operations," as well as open more Bloomingdale’s and Bluemercury locations, the retailer said in February when it announced the "Bold New Chapter" plan.
Macy’s currently operates nearly 60 Bloomingdale’s-branded locations and 164 Bluemercury-branded stores, according to its website.
During Macy’s earnings call in December, Spring reported that Macy’s "First 50" locations, Bloomingdale’s and Bluemercury "all comped positive" in the third quarter.
The retailer generated $4.7 billion in revenue in the three-month period, marking a nearly 2.7% year-over-year decrease.
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"Year-to-date, we have made progress in our Bold New Chapter Strategy and remain on track to achieve our long-term goal of sustainable profitable growth," Spring said last month.