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

Core Viewpoint - Macy's is closing over a dozen additional stores in 2026 as part of its strategy to enhance profitability by shutting down underperforming locations, aiming to close approximately 150 stores by the end of 2026 [1][3]. Group 1: Store Closures and Strategy - Macy's plans to close around 14 stores in the first fiscal quarter of 2026 as part of its "Bold New Chapter" turnaround strategy [1]. - The company is continuously reviewing its portfolio, focusing on closing underproductive stores and streamlining operations [2]. - The turnaround strategy includes the closure of about 150 stores by the end of 2026 to achieve sustainable and profitable sales [3]. Group 2: Sales Performance and Investments - Despite the closures, Macy's is investing in its 125 "Reimagine" stores, which have shown an increase in sales, indicating a positive impact from enhanced merchandising and customer experience [5][7]. - Sales at the "Reimagine" stores rose by 2.7% year over year in the third quarter, demonstrating the effectiveness of the company's investments in staffing, store design, and customer experience [7]. - Macy's reported its highest sales level in over three years in December, marking significant progress in its turnaround efforts [8]. Group 3: Overall Brand Performance - In the latest report covering a three-month period ending November 1, sales at the stores Macy's plans to keep open increased for the second consecutive quarter, while overall sales across the Macy's brand, including all stores and its website, grew at the fastest pace in 13 quarters [10].