Is a Macy's near you closing? Beleaguered department store is closing 66 locations this year.

Dow Jones05:53

MW Is a Macy's near you closing? Beleaguered department store is closing 66 locations this year.

By Claudia Assis

Macy's Inc. late Thursday released a list of more than 60 stores slated to close this year as the retailer struggles to right itself amid diminishing foot traffic at remaining stores and breathe new life into its business.

The list is here, and it includes nine Macy's stores in New York and another nine in California, the states losing the most stores, followed by seven store closures in Florida. Two stores on the list, Macy's furniture stores in Florida and Colorado, have already closed.

Macy's (M) said in February it was closing 150 stores through 2026 as part of the effort to modernize and focus on the more profitable locations. It did not say Thursday when it intends to close the remainder of the stores.

Macy's plan, which the company called its "Bold New Chapter," is designed "to return the company to sustainable, profitable sales growth" by closing about 150 "underproductive" stores while investing in 350 other Macy's locations.

-Claudia Assis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 09, 2025 16:53 ET (21:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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