Check out what’s clicking on FoxBusiness.com.
Macy’s on Thursday listed 66 stores it plans to close this year.
Lots of locations that are “not moving forward” which Macy’s said will close permanently are spread across 22 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee , Texas, Virginia and Washington.
The closing follows a “Bold New Chapter” initiative the retailer has been implementing since last February to “return the company to sustainable, profitable sales growth,” according to a press release.
A window display at Macy’s on G Street NW, in Washington, DC, is shown on Friday, April 24, 2020. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)
Closing about 150 “underperforming” stores by the end of 2026 is one of the measures Macy’s previously outlined for the initiative.
MACY’S IS ACCELERATING STORE CLOSURES THIS YEAR
A “majority” of the 66 stores Macy’s identified Thursday will close their doors for good during the first quarter of 2025. document specifying locations.
These are the locations of the stores that are closing:
Arizona
- 6535 E Southern Ave in Mesa
California
- 750 W 7th St in Los Angeles
- 2838 South El Camino Real in San Mateo
- 6000 Sunrise Mall in Citrus Heights
- 300 Westminster Mall in Westminster
- 200 Newpark Mall in Newark
- 1555 Camino De La Reina in San Diego
- 2015 Birch Rd Ste 2 in Chula Vista
- 1400 Redwood Hwy in Corte Madera
- 414 K St in Sacramento
Colorado
- 8298 E Northfield Blvd in Denver
- 6797 South Vine St in Centennial
Florida
- 801 N Congress Ave Ste 100 in Boynton Beach
- 4501 North Federal Highway in Fort Lauderdale
- 13640 Pines Blvd in Pembroke Pines
- 13251 South Dixie Highway in Miami
- 298 Westshore Plz in Tampa
- 820 W Town Pkwy in Altamonte Springs
- 3501 S Tamiami Trl Ste 600 in Sarasota
- 9339 Glades Road in Boca Raton
Georgia
- 3360 Venture Parkway in Duluth
- 2100 Pleasant Hill Rd Ste 2318 in Duluth
- 3630 Peachtree Parkway in Suwanee
Idaho
- 200 W Hanley Ave Ste 200-4 in Coeur D’Alene
Illinois
- 104 White Oaks Mall in Springfield
Louisiana
- 5733 Johnston St Ste 2098 in Lafayette
Massachusetts
- 101 Kingston Collection Way Ste 1 in Kingston
Maryland
- 6901 Security Blvd Ste 871 in Baltimore
- 600 Baltimore Pike in Bel Air
Michigan
- 3400 S Airport Rd W in Traverse City
- 14200 Lakeside Cir in Sterling Heights
- 500 W 14 Mile Rd in Troy
- 4600 Miller Rd in Flint
Minnesota
- 3001 White Bear Ave N Ste 2035 in Maplewood
- 14251 Burnhaven Dr in Burnsville
Missouri
- 400 NW Barry Rd Ste 150 in Kansas City
- 10 S County Center Way in St. Louis
New Jersey
- 459 Prospect Avenue West in Orange
New York
- 1550 Union Turnpike in New Hyde Park
- 834 Walt Whitman Road in Huntington
- 88-01 Queens Blvd in Elmhurst
- 2027 Emmons Avenue in Brooklyn
- 397 Greece Ridge Center in Rochester
- 400 Sunrise Mall in Massapequa
- 422 Fulton St in Brooklyn
- 98 Richmond Hill Road in Staten Island
- 404 East Fordham Rd in the Bronx
Ohio
- 2727 Fairfield Commons Blvd Spc 2 in Beavercreek
- 5001 Monroe St Ste D100 in Toledo
Oregon
- 2055 NE Allie Ave in Hillsboro
- 400 High St NE in Salem
Pennsylvania
- 5580 Goods Ln Ste 2178 in Altoona
- 245 Exton Square Mall in Exton
- 1300 Market St in Philadelphia
- 59 Wyoming Valley Mall in Wilkes Barre
Tennessee
- 4545 Poplar Ave in Memphis
Texas
- 100 Almeda Mall in Houston
- 201 Stacy Rd in Fairview
- 6209 W Park Blvd in Plano
- 321 State St in Southlake
- 1751 River Run #101 in Fort Worth
- 6101 Long Prairie Rd Ste 500 in Flower Mound
Virginia
- 170 Southpark Cir in Colonial Heights
Washington
- 3500 J Meridian Ste 985 in Puyallup
- 15340 NE 24th Street in Redmond
- 10315 Silverdale Way NW in Silverdale
“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underperforming Macy’s stores so we can focus our resources and prioritize investments in our thriving stores, where customers are already responding positively to better product offerings and improved service ,” CEO Tony Spring it is stated in the press release.
A man walks past mannequins while shopping for clothes at Macy’s department store in Herald Square, New York, on November 26, 2015. (TREVOR COLLENS/AFP via Getty Images/Getty Images)
Under Macy’s “Bold New Chapter” initiative, the retailer is also investing in its “go-forward locations” and is looking to open more small-format locations. There are a total of 350 “go-forward” stores, the company said.
HOW MACY’S CAN TURN ITS BUSINESS AROUND AS DEPARTMENT STORES STRUGGLE
Macy’s will “streamline and modernize end-to-end operations” as well as open more Bloomingdale’s and Bluemercury locations, the retailer said in February when it announced the “Bold New Chapter” plan.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| M | MACY’S INC. | 15.84 | -0.19 |
-1.19% |
Macy’s is currently open nearly 60 Bloomingdale’s brand locations and 164 Bluemercury-branded stores, according to the website.
During Macy’s December earnings call, Spring reported that Macy’s “Top 50” locations, Bloomingdale’s and Bluemercury “were all positive” in the third quarter.
Shoppers exit a Macy’s department store in Las Vegas, Nevada on November 7, 2021. (Bridget Bennett/Bloomberg via Getty Images/Getty Images)
In the three-month period, retail sales generated revenue of 4.7 billion dollars, which represents a drop of almost 2.7% compared to the previous year.
CLICK HERE TO SET FOX BUSINESS IN CRETE
“Year-to-date, we have made progress on our Bold New Chapter strategy and remain on track to achieve our long-term goal of sustainable profitable growth,” Spring said last month.
