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Macy's to Close 66 Stores, Including Iconic Locations

1/14/2025

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Summary

Story summary

Macy's will close 10 stores in New York-New Jersey, including the iconic Fulton Street location, to boost profitability.
A total of 66 stores will shut down nationwide, impacting approximately 150 locations over three years.
The downtown Macy's in Salem, Oregon, will close in March, resulting in 56 employee layoffs.
Local investors aim to convert the Salem Center mall into a family entertainment venue post-Macy's closure.

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Story summary

Macy's will close 10 stores in New York-New Jersey, including the iconic Fulton Street location, to boost profitability.
A total of 66 stores will shut down nationwide, impacting approximately 150 locations over three years.
The downtown Macy's in Salem, Oregon, will close in March, resulting in 56 employee layoffs.
Local investors aim to convert the Salem Center mall into a family entertainment venue post-Macy's closure.