Macy’s to close 14 stores by 2026 amid Bold New Chapter turnaround strategy
FOX Business’ Lauren Simonetti joins ‘Mornings with Maria’ to report on how artificial intelligence is transforming the shopping experience.
Macy’s has announced it is closing more than a dozen additional stores by 2026 as it moves forward with plans to close underperforming locations to boost profits.
About 14 stores are expected to close in the first fiscal quarter as part of its “Bold New Chapter” turnaround strategy, which includes closing about 150 underperforming locations by the end of 2026.
Macy’s CEO Tony Spring, in a letter to employees last week, said the company will continue to review its portfolio, including continuing to close underperforming stores and streamlining operations.
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Macy’s, once a flagship store, was forced to implement a strategy that included closing about 150 stores by the end of 2026, in order to return to “sustainable, profitable sales.”
The interior of a Macy’s department store is seen in Douglaston, New York. (Reuters/Shannon Stapleton)
However, in recent years, Macy’s has been struggling to keep up with the industry’s rapid changes and relentless competition, and its sales began to decline.
While the company continues to close some stores, it is simultaneously investing in its 125 “Reimagine” stores, which are key to its turnaround, and which have seen sales growth.
| A ticker | Security | Finally | Change | Change % |
|---|---|---|---|---|
| M | Company MACY’S INC. | 21.19 | -0.81 |
-3.68% |
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Customers browse products during Black Friday deals at a Macy’s store in New York City, Nov. 28, 2025. (Kena Betancur/AFP via Getty Images)
The company is focused on increasing staffing, store design and customer experience at these 125 locations. Sales at those stores increased 2.7% year-over-year in the third quarter, “attesting to the success of superior merchandising, store design, and customer experience investments,” according to Spring.
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Macy’s turnaround has already shown progress. In December, Macy’s reported that its sales they reached their highest level in more than three years, marking a major step forward in its transformation effort.
Shoppers exit a Macy’s store in Las Vegas, Nevada. (Bridget Bennett/Bloomberg via Getty Images)
Macy’s highlighted two measures of progress in its latest report covering the three-month period ending Nov. 1. Store sales are projected to keep the rose open for the second straight quarter, while Macy’s product-wide sales, including all stores and its website, grew at a faster pace in 13 places.
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Here are the locations scheduled 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
In 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
in Pennsylvania
Tarentum: The 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
