Macy’s to Shutter 14 Stores Amid Ambitious Three-Year Revitalization Plan

Macy’s begins store closures. The department store group has reported the closure of fourteen locations this year, as part of a broader plan to relaunch the company over three years under the Bold New Chapter name.

The fourteen stores to be closed are “underperforming” stores, as well as a strategy to “optimize operations,“ Macy’s chairman and CEO said in an internal statement carried by WWD.

Macy’s plans to close approximately 150 department stores, to remain with 350 in operation. In 2025, the U.S. group closed a total of 66 stores. While the group is divesting, it is also betting on 125 of its stores, with more staff in key areas or more product innovations.

Macy’s will close up to 150 department stores to keep a fleet of 350 stores

“Our focus remains the same: strengthen our stores, simplify the way we operate and invest in the experiences that matter to our customers,“ the CEO added.

The stores closing are located in New Hampshire, New Jersey, Maryland, New York, New York, Minnesota, Michigan, California, Pennsylvania, Texas, Atlanta, North Carolina and Washington.

Macy’s closed the third quarter of the fiscal year with flat sales and declining profit. Revenue was $4,913 million, up 0.2% from the same period last year.

With sales stagnating, the group again saw its profit plummet, this time by 60.7%. While in the third quarter of 2024 it posted a profit of $28 million, in the same period of 2025 the figure stood at $11 million.