Macy's to close 14 stores as part of turnaround strategy: See the list

Macy's announced that it's closing more than a dozen additional stores in 2026 as it pushes forward with plans to shutter underperforming locations to boost profitability.Approximately 14 stores are slated to close during the first fiscal quarter as part of its "Bold New Chapter" turnaround strategy, which includes shuttering about 150 underperforming locations by the end of 2026.Macy's CEO Tony Spring said in a letter to employees last week that the company will continue to review its portfolio, which includes continuing to close underprodcutive stores and streamlining operations.MACY’S TURNAROUND SHOWS PROMISE AS SALES CLIMB TO HIGHEST LEVEL IN OVER 3 YEARSMacy's, once a leading department store, was forced to implement a strategy that included shuttering about 150 stores by the end of 2026, to return it to "sustainable, profitable sales."However, in recent years, Macy's had long been struggling to keep up with rapid industry changes and relentless competition, and its sales started to lag.  While the company is continuing to shutter certain stores, it is simultaneously investing in its 125 "Reimagine" stores, which are a key piece to its turnaround, and have already seen an uptick in sales.MACY'S WANTS BLOOMINGDALE'S, BLUEMERCURY TO STAY PUTThe company has focused on boosting staffing, store design and customer experience at these 125 locations. Sales at those stores rose 2.7% year over year in the third quarter, "proving the success of elevated merchandising, store design, and customer experience investments," according to Spring. HOW MACY’S CAN TURN AROUND ITS BUSINESS AS DEPARTMENT STORE STRUGGLESMacy's turnaround has already shown progress. In December, Macy's reported that its sales reached their highest level in more than three years, marking a major step forward in its turnaround effort.Macy's highlighted two measures of progress in its latest report covering a three-month period ending Nov. 1. Sales at the stores it plans to keep open rose for the second straight quarter, while sales across the broader Macy’s brand, including all stores and its website, grew at the fastest pace in 13 quarters.GET FOX BUSINESS ON THE GO BY CLICKING HERECalifornia La Mesa: Grossmont Center, 5500 Grossmont Center DriveTracy: West Valley Mall, 3400 Naglee RoadGeorgia Atlanta: Northlake Mall, 4880 Briarcliff Road NEMaryland Glen Burnie: Marley Station, 7900 Ritchie HighwayMichigan Grandville: Rivertown Crossings, 3850 Rivertown Parkway SWMinnesota Saint Cloud: Crossroads Center, 4101 West Division StreetNew Hampshire Newington: Fox Run, 50 Fox Run RoadNew JerseyLivingston: Livingston Mall, 112 Eisenhower ParkwayRamsey: Interstate Shopping Center, 225 Interstate Shopping CenterNew YorkAmherst: Boulevard Mall, 1255 Niagara Falls BoulevardNorth CarolinaRaleigh: Triangle Town Center, 3801 Sumner BoulevardPennsylvaniaTarentum: Galleria at Pittsburgh Mills, 100 Pittsburgh Mills CircleTexasCorpus Christi: La Palmera, 5488 South Padre Island DriveWashingtonTukwila: Budget House Clearance, 17855 Southcenter ParkwayWeiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business