Overview
- Fourteen Macy’s locations across 12 states will shut, with the specific stores identified by the company and reporting outlets.
- Clearance and liquidation sales at the affected sites begin in mid-January and are set to run for about 10 weeks, pointing to closures by late March.
- The cuts are part of the previously announced plan to close roughly 150 underproductive stores by the end of 2026 and focus on about 350 go-forward locations.
- Macy’s said employees at closing stores were notified first and offered transfer opportunities where available, severance, and outplacement support.
- Management cited progress in its strategy, noting 2.7% comparable sales growth in 125 Reimagine stores and 9% comps at Bloomingdale’s, and shares rose about 5.5% the day the memo was published.