Macy’s closing 14 stores in 2026 amid Bold New Chapter turnaround strategy

Macy’s has introduced it should shut greater than a dozen further shops by 2026 because it plans to shut underperforming places to spice up profitability.

About 14 shops will shut throughout the first fiscal quarter as a part of the Daring New Chapter turnaround technique, which incorporates closing about 150 underperforming places by the top of 2026.

Macy’s CEO Tony Spring mentioned in a letter to staff final week that the corporate will proceed to overview its portfolio, together with persevering with to shut underproductive shops and streamlining operations.

MACY’S TURNAROUND SHOWS PROMISE AS SALES CLIMB TO THE HIGHEST LEVEL IN MORE THAN 3 YEARS

Macy’s, as soon as a number one division retailer, was compelled to implement a method that included closing about 150 shops by the top of 2026 to return the corporate to “sustainable, worthwhile gross sales.”

The within of a Macy’s division retailer is seen in Douglaston, New York. (Reuteres/Shannon Stapleton)

Nevertheless, in recent times, Macy’s had lengthy struggled to maintain up with speedy trade adjustments and cutthroat competitors, and gross sales started to lag.

Whereas the corporate continues to shut sure shops, it’s concurrently investing in its 125 ‘Reimagine’ shops, that are enjoying a key function within the turnaround and have already seen a rise in gross sales.

MACY’S WANTS TO CONTINUE BLOOMINGDALE’S AND BLUEMERCURY

Clients store for merchandise throughout Black Friday offers on the Macy’s retailer in New York Metropolis, on November 28, 2025. (Kena Betancur/AFP through Getty Photos)

The corporate has centered on growing staffing, retailer design and buyer expertise at these 125 places. Gross sales at these shops rose 2.7% yr over yr within the third quarter, “demonstrating the success of elevated investments in merchandising, retailer design and buyer expertise,” Spring mentioned.

HOW MACY’S CAN TURNOVER ITS BUSINESS AS WARREN STORES FIGHT

Macy’s turnaround has already proven progress. In December, Macy’s reported that gross sales reached the very best degree in additional than three years, marking a significant step ahead within the turnaround.

Customers depart a Macy’s division retailer in Las Vegas, Nevada. (Bridget Bennett/Bloomberg through Getty Photos)

Macy’s highlighted two measures of progress in its newest report overlaying a three-month interval ending Nov. 1. Gross sales on the shops it plans to maintain open rose for the second consecutive quarter, whereas gross sales on the broader Macy’s model, together with all shops and its web site, grew on the quickest tempo in 13 quarters.

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Listed below are the places about to shut:

California

La Mesa: Grossmont Heart, 5500 Grossmont Heart Drive

Tracy: West Valley Mall, 3400 Naglee Street

Georgia

Atlanta: Northlake Mall, 4880 Briarcliff Street NE

Maryland

Glen Burnie: Marley Station, 7900 Ritchie Freeway

Michigan

Grandville: Rivertown Crossings, 3850 Rivertown Parkway SW

Minnesota

Saint Cloud: Crossroads Heart, 4101 West Division Avenue

New Hampshire

Newington: Fox Run, 50 Fox Run Street

New Jersey

Livingston: Livingston Mall, 112 Eisenhower Parkway

Ramsey: Interstate Mall, 225 Interstate Mall

New York

Amherst: Boulevard Mall, 1255 Niagara Falls Boulevard

North Carolina

Raleigh: Triangle City Heart, 3801 Sumner Blvd

Pennsylvania

Tarentum: Galleria at Pittsburgh Mills, 100 Pittsburgh Mills Circle

Texas

Corpus Christi: La Palmera, 5488 South Padre Island Drive

Washington

Tukwila: Finances Housing Clearance, 17855 Southcenter Parkway