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Story summary
- Macy’s Inc. will close 150 underperforming stores across 12 states as part of its “A Bold New Chapter” strategy, initiated in February 2024.
- The closures will mainly occur in the first quarter of 2026, with clearance sales starting in mid-January.
- CEO Tony Spring stated these decisions aim to streamline operations and invest in the remaining 350 stores.
- The company is providing support, transfer opportunities, and severance resources to affected employees.
- Despite the closures, Macy’s reported its strongest growth in over three years in the last fiscal quarter.
