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 aims to close 150 "underproductive" stores over three years, while investing in the 350 locations it has deemed worth continuing to operate as part of its "Bold New Chapter

The move is part of the department store chain’s plan to shutter 150 underperforming locations by the end of 2026.