Macy’s, the iconic American department store chain, is undergoing a significant transformation as part of its revitalization plan. In February 2024, the company announced its intention to close 150 “underproductive” store locations by 2026. This strategic move aims to return the company to sustainable, profitable sales growth.
As of January 2025, Macy’s has identified 66 of the 150 stores slated for closure. These locations span across various states, including New York, Florida, Arizona, and California. Notably, some of the affected stores are iconic locations, such as the Macy’s store in downtown Brooklyn, which recently closed its doors after nearly three decades in operation.
According to local reports, the Brooklyn store, situated on Fulton Street, was originally home to the first Abraham & Straus department store before Macy’s took over the building in 1995. Another iconic store, located on Long Island at Sunrise Mall, is also scheduled to close next month.
Macy’s CEO and chairman, Tony Spring, emphasized the company’s commitment to focusing resources on its go-forward stores, where customers have responded positively to improved product offerings and elevated service. “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,” Spring stated.
The company plans to close a total of approximately 150 underproductive stores while investing in its remaining 350 Macy’s locations through the 2026 fiscal year, which concludes on January 30, 2027. Macy’s has not yet disclosed the remaining store closures, leaving customers and employees eagerly awaiting further announcements.
As the retail landscape continues to evolve, Macy’s strategic decision to close underperforming stores and focus on its core locations demonstrates the company’s commitment to adapting to changing consumer preferences and staying competitive in the market.
