168-year-old mall anchor closing more stores

Group 1: Mall Performance and Trends - Indoor malls have shown growth, outperforming open-air centers and outlet malls, with visit gains in all four quarters of 2025, indicating a shift from recovery to growth [1] - Overall mall visits increased by 1.3% for the full year, with A malls performing well while C and D malls are declining [2] Group 2: Macy's Store Closures - Macy's is planning to close around 150 stores, having already closed 66 locations, as part of its strategy to streamline operations [3][15] - The latest round of closures includes 14 stores across 12 states, with specific locations listed [7] Group 3: Macy's Turnaround Strategy - Macy's "Bold New Chapter" strategy focuses on strengthening stores, simplifying operations, and investing in customer experiences, with store closures being a key component [5][6] - The stores set to close represent about 25% of gross square footage but less than 10% of sales, with remaining locations outperforming non-go-forward locations significantly in sales and EBITDA [13] Group 4: Analyst Opinions on Macy's Strategy - Analysts express mixed views on Macy's turnaround efforts, with some seeing the store closures as necessary for right-sizing, while others lack confidence in the plan due to past neglect [10][11][12]