Macy’s Discloses 14 Locations Closing This Year


Macy’s Inc., continuing to execute on its three-year “Bold New Chapter” reinvigoration strategy, disclosed 14 Macy’s locations that will be closed this year.

“In executing our strategy, we continue to review our portfolio and make careful decisions about where and how we invest, including closing underproductive stores and streamlining operations,” Tony Spring, chairman and chief executive officer of Macy’s, wrote to employees in a memo, a copy of which was obtained by WWD.

“These decisions are not made lightly,” Spring wrote. “We communicated directly with affected colleagues first and are providing support, including transfer opportunities where available, as well as severance and outplacement resources where applicable. We thank all those colleagues for their dedication and service to the company.”

The 14 locations are part of the previously announced plan to close approximately 150 Macy’s department stores, leaving 350 remaining. In 2025, 66 stores were closed.

The strategy also calls for investing in 125 “Reimagine” stores, which are receiving increased staffing in high-traffic areas such as women’s shoes and the fitting room areas, fresher products and improved visuals. Last quarter, the 125 stores achieved comparable sales growth of 2.7 percent. They continue to outperform the overall Macy’s department store chain.

“These targeted changes allow us to focus where it will have the greatest impact — reimagining our best stores, enhancing customer service, expanding our luxury business, and advancing our supply chain capabilities,” Spring said.

“Nearly two years into our Bold New Chapter strategy, the focus of our work remains the same: strengthen our stores, simplify how we operate, and invest in the experiences that matter most to our customers. Today, that work is centered on disciplined execution and continuous improvement, with strategic investments that are guided by what customers value most.”

Spring also indicated that Macy’s net promoter scores are improving, that Bloomingdale’s delivered 9 percent comp sales growth during the third quarter, Bluemercury delivered its 19th consecutive quarter of comp sales growth and the supply chain is being modernized.

The 14 stores being closed are:

Fox Run – Newington, N.H.
Livingston – Livingston, N.J.
Marley Station – Glen Burnie, Md.
Boulevard – Amherst, N.Y.
Crossroads Center – St. Cloud, Minn.
Rivertown Crossings – Grandville, Mich.
West Valley Mall – Tracy, Calif.
Pittsburgh Mills – Tarentum, Pa.
La Palmera – Corpus Christi, Tex.
Northlake Mall – Atlanta
Triangle Town Center – Raleigh, N.C.
Grossmont – La Mesa, Calif.
Interstate – Ramsey, N.J.
Budget House – Tukwila, Wash.



Source link

  • Related Posts

    The Unexpected Sneaker Trend NYC It Girls Are Wearing With Denim

    Not suede, not satin, this unexpected sneaker trend is wild, cool, and ready to be worn with jeans, jorts, and midi skirts. Well, what is it? If you’re an avid…

    Equity Analysts Are Lukewarm on Kering’s Capital Markets Day

    Luca de Meo talked a good talk at Kering‘s Capital Markets Day in Florence, but did not extinguish all investor doubts, nor completely satisfy equity analysts. “We believe the market…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    AMD Radeon RX 9060 XT 8 GB review (Asus Prime)

    AMD Radeon RX 9060 XT 8 GB review (Asus Prime)

    Cameras in courtrooms stir debate from baby Lindbergh kidnapping to OJ and Charlie Kirk’s killing

    Cameras in courtrooms stir debate from baby Lindbergh kidnapping to OJ and Charlie Kirk’s killing

    A Trump pledge is falling flat as Ohio musical instrument plant closes

    A Trump pledge is falling flat as Ohio musical instrument plant closes

    Carson Jerema: How Justin Trudeau cost Canada $1-trillion

    Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

    Slash, a Ramp competitor founded by teenagers, raises $100M at $1.4B valuation

    Pete Hegseth says Iran is digging out missiles and launchers

    Pete Hegseth says Iran is digging out missiles and launchers