Macy’s to Close 14 Stores in 2026 as Part of Bold New Chapter Turnaround Strategy
FOX Business’ Lauren Simonetti joins ‘Mornings with Maria’ to report on how artificial intelligence is transforming the retail shopping experience.
Macy’s has announced plans to close over a dozen additional stores in 2026 as part of its strategy to enhance profitability by shutting down underperforming locations. Approximately 14 stores are set to close during the first fiscal quarter, contributing to the company’s “Bold New Chapter” turnaround strategy, which aims to close around 150 underperforming locations by the end of 2026.
In a letter to employees last week, Macy’s CEO Tony Spring emphasized that the company will continue to evaluate its portfolio, focusing on closing unproductive stores and streamlining operations. This move reflects a broader trend in the retail sector, where companies are adapting to changing consumer behaviors and market dynamics.
MACY’S TURNAROUND SHOWS PROMISE AS SALES CLIMB TO HIGHEST LEVEL IN OVER 3 YEARS
Once a dominant player in the department store landscape, Macy’s has had to pivot its strategy significantly to return to “sustainable, profitable sales.” The company has faced challenges in recent years, struggling to keep pace with rapid industry changes and fierce competition, leading to declining sales.
The inside of a Macy’s department store is seen in Douglaston, New York. (Reuters/Shannon Stapleton)
Despite the closures, Macy’s is investing in its 125 “Reimagine” stores, which are crucial to its turnaround strategy. These locations have already experienced a sales uptick, indicating that the company’s focus on enhancing customer experience and store design is paying off.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| M | MACY’S INC. | 21.39 | -0.61 | -2.77% |
MACY’S WANTS BLOOMINGDALE’S, BLUEMERCURY TO STAY PUT
Customers look for products during Black Friday deals at Macy’s store in New York City, on November 28, 2025 (Photo by Kena Betancur / AFP via Getty Images) (Kena Betancur/AFP via Getty Images)
Macy’s has prioritized enhancing staffing, store design, and customer experience at these 125 locations. According to Spring, sales at these stores rose 2.7% year over year in the third quarter, demonstrating the effectiveness of their investment in elevated merchandising and customer experience.
HOW MACY’S CAN TURN AROUND ITS BUSINESS AS DEPARTMENT STORE STRUGGLES
Progress is evident in Macy’s turnaround efforts. In December, Macy’s reported that its sales reached their highest level in over three years, marking a significant milestone in its recovery strategy.
Shoppers exit a Macy’s department store in Las Vegas, Nevada. (Bridget Bennett/Bloomberg via Getty Images)
Macy’s latest report covering the three-month period ending November 1 highlighted two key indicators of progress. Sales at the stores slated to remain 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 rate in 13 quarters.
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Here are the locations slated to close:
California
La Mesa: Grossmont Center, 5500 Grossmont Center Drive
Tracy: West Valley Mall, 3400 Naglee Road
Georgia
Atlanta: Northlake Mall, 4880 Briarcliff Road NE
Maryland
Glen Burnie: Marley Station, 7900 Ritchie Highway
Michigan
Grandville: Rivertown Crossings, 3850 Rivertown Parkway SW
Minnesota
Saint Cloud: Crossroads Center, 4101 West Division Street
New Hampshire
Newington: Fox Run, 50 Fox Run Road
New Jersey
Livingston: Livingston Mall, 112 Eisenhower Parkway
Ramsey: Interstate Shopping Center, 225 Interstate Shopping Center
New York
Amherst: Boulevard Mall, 1255 Niagara Falls Boulevard
North Carolina
Raleigh: Triangle Town Center, 3801 Sumner Boulevard
Pennsylvania
Tarentum: Galleria at Pittsburgh Mills, 100 Pittsburgh Mills Circle
Texas
Corpus Christi: La Palmera, 5488 South Padre Island Drive
Washington
Tukwila: Budget House Clearance, 17855 Southcenter Parkway
FOX Business’ Lauren Simonetti joins ‘Mornings with Maria’ to report on how artificial intelligence is transforming the retail shopping experience.
Macy’s has announced plans to close over a dozen additional stores in 2026 as part of its strategy to enhance profitability by shutting down underperforming locations. Approximately 14 stores are set to close during the first fiscal quarter, contributing to the company’s “Bold New Chapter” turnaround strategy, which aims to close around 150 underperforming locations by the end of 2026.
In a letter to employees last week, Macy’s CEO Tony Spring emphasized that the company will continue to evaluate its portfolio, focusing on closing unproductive stores and streamlining operations. This move reflects a broader trend in the retail sector, where companies are adapting to changing consumer behaviors and market dynamics.
MACY’S TURNAROUND SHOWS PROMISE AS SALES CLIMB TO HIGHEST LEVEL IN OVER 3 YEARS
Once a dominant player in the department store landscape, Macy’s has had to pivot its strategy significantly to return to “sustainable, profitable sales.” The company has faced challenges in recent years, struggling to keep pace with rapid industry changes and fierce competition, leading to declining sales.
The inside of a Macy’s department store is seen in Douglaston, New York. (Reuters/Shannon Stapleton)
Despite the closures, Macy’s is investing in its 125 “Reimagine” stores, which are crucial to its turnaround strategy. These locations have already experienced a sales uptick, indicating that the company’s focus on enhancing customer experience and store design is paying off.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| M | MACY’S INC. | 21.39 | -0.61 | -2.77% |
MACY’S WANTS BLOOMINGDALE’S, BLUEMERCURY TO STAY PUT
Customers look for products during Black Friday deals at Macy’s store in New York City, on November 28, 2025 (Photo by Kena Betancur / AFP via Getty Images) (Kena Betancur/AFP via Getty Images)
Macy’s has prioritized enhancing staffing, store design, and customer experience at these 125 locations. According to Spring, sales at these stores rose 2.7% year over year in the third quarter, demonstrating the effectiveness of their investment in elevated merchandising and customer experience.
HOW MACY’S CAN TURN AROUND ITS BUSINESS AS DEPARTMENT STORE STRUGGLES
Progress is evident in Macy’s turnaround efforts. In December, Macy’s reported that its sales reached their highest level in over three years, marking a significant milestone in its recovery strategy.
Shoppers exit a Macy’s department store in Las Vegas, Nevada. (Bridget Bennett/Bloomberg via Getty Images)
Macy’s latest report covering the three-month period ending November 1 highlighted two key indicators of progress. Sales at the stores slated to remain 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 rate in 13 quarters.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Here are the locations slated to close:
California
La Mesa: Grossmont Center, 5500 Grossmont Center Drive
Tracy: West Valley Mall, 3400 Naglee Road
Georgia
Atlanta: Northlake Mall, 4880 Briarcliff Road NE
Maryland
Glen Burnie: Marley Station, 7900 Ritchie Highway
Michigan
Grandville: Rivertown Crossings, 3850 Rivertown Parkway SW
Minnesota
Saint Cloud: Crossroads Center, 4101 West Division Street
New Hampshire
Newington: Fox Run, 50 Fox Run Road
New Jersey
Livingston: Livingston Mall, 112 Eisenhower Parkway
Ramsey: Interstate Shopping Center, 225 Interstate Shopping Center
New York
Amherst: Boulevard Mall, 1255 Niagara Falls Boulevard
North Carolina
Raleigh: Triangle Town Center, 3801 Sumner Boulevard
Pennsylvania
Tarentum: Galleria at Pittsburgh Mills, 100 Pittsburgh Mills Circle
Texas
Corpus Christi: La Palmera, 5488 South Padre Island Drive
Washington
Tukwila: Budget House Clearance, 17855 Southcenter Parkway
