Macy's to Close 66 Stores in 2025 as Part of Restructuring Plan

The closures, spanning 22 states, are part of Macy's 'Bold New Chapter' strategy to focus on profitable locations and adapt to shifting retail trends.

Macy's has announced plans to close 66 stores this year, with most shutting down by the end of the first quarter of 2025.
The closures are part of a broader initiative to shutter 150 underperforming stores by the end of 2026, leaving the company with approximately 350 'go-forward' locations.
The retailer aims to prioritize investments in its best-performing stores and expand smaller-format stores, as well as its Bloomingdale’s and Bluemercury brands.
Macy's has faced declining sales due to competition from online retailers and discount stores, with its share price dropping over 50% in the past decade.
Other department stores, such as Kohl's, are also closing locations, reflecting ongoing challenges for traditional brick-and-mortar retail in the evolving marketplace.