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The closures are part of Macy's "Bold New Chapter" strategy, which was announced in February 2024. The reorganization, the company revealed at the time, involved closing 150 stores nationwide within three years and a pivot to a greater focus on luxury sales.

Macy’s has kicked off its plan of closing down several stores across the country. The retail giant previously announced the move in February 2024 while revealing their Bold New Chapter strategy. The closures of “underproductive” stores come as part of the plan.

Nine New York Macy's stores will close their doors as part of a revitalization plan the company announced last year.

The moves are a “part of the Bold New Chapter strategy, which was announced in February 2024,” the company said.

Macy’s department stores have been around since 1929, growing to become one of the biggest in the country with hundreds of locations. Macy’s Finally Announces the First 66 Stores It’s Closing But as we’ve been seeing over the years,

Macy’s is closing 66 stores across the country this year as it tries to turn the company around after years of faltering sales.