Macy’s Announces Closure of 66 Stores, Including Five in NYC, as Part of Bold New Chapter Strategy
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The Bigger Picture: A Strategic Shift
Macy’s plans to close approximately 150 underperforming stores over the next three years while investing in its 350 “go-forward” locations. The goal is to achieve sustainable and profitable sales growth by fiscal 2026. This strategic pivot reflects the challenges faced by traditional department stores in an increasingly competitive retail landscape.For New Yorkers, the closures mean fewer in-store shopping options, pushing many to rely on Stadium Goods’ NYC closure.