M closes 66 stores under its Bold New Chapter strategy, prioritizing 350 key stores and digital upgrades to meet evolving consumer needs.

Department store chain Macy’s Inc. (NYSE:M) confirmed the closure of 66 stores as part of its “Bold New Chapter” strategy. Announced in February 2024, this strategy aims to improve profitability by eliminating underperforming locations and focusing resources on its more successful stores.

Macy’s announced the closing of 66 of its stores nationwide, including five in South Florida, as part of its “Bold New Chapter” strategy. That strategy is hardly a secret as the New York retail giant said last year Macy’s would close up to 150 under-performing stores through 2026 in an effort to shore up flagging profits.

Macy's is closing 66 store locations that it has said are underperforming. The closures are part of the storied retailer's turnaround strategy.

Macy’s has confirmed they will be closing 66 stores across 22 states, with a majority set to shut their doors during the first quarter of 2025. About half of these are in just four states: New York (9 stores closing),

Department store Macy’s Inc. ($M) on Thursday confirmed the closure of 66 Macy’s store locations, dampening retail sentiment. The store closures are part of what the company termed its “bold new chapter” strategy,