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Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury. Macy's Is Closing 50 Stores Across the Country ...
A List of Macy's 2024 Store Closings. Including the store closures announced in January, here is a list of the Macy's stores facing closure this year. Note: This list will be updated as more store ...
The Macy's store on Herald Square is seen on Jan. 19, 2024, in New York City. (Michael M. Santiago/Getty Images) (Michael M. Santiago via Getty Images)
Macy's rejected the offer in January 2024 citing the unsolicited offer to be undervalued. [34] The investor group increased their offer to $6.6 billion two months later. [35] In February 2024, Macy's announced it would close 150 stores by 2026. [36]
On February 27, 2024, it was announced that Macy's would be closing this location as part of a plan to close 150 stores nationwide by the end of 2026. Macy's stated that the location would remain open until the property would be sold to a new owner. More than 400 employees will be impacted as part of the closure. [13]
The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years. By 2026, it will have just 350 Macy’s stores, the company announced.
On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were set to close in 2024 alone, including the iconic Macy's San Francisco flagship store. [179]
Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus on luxury sales.