Macy's closing down about 150 locations as part of 'bold new chapter' plans

Retail chain Macy’s has announced plans to close down more locations within the next few years, which are part of its plans to take it to a “bold new chapter.”

These new plans involve the closure of roughly 150 of its “underperforming” locations, 50 of which will occur during the company’s current fiscal year and all of which will be completed through 2026. The company will also prioritize investment in 350 other stores that it will still have by then.