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.

The department store has reportedly been struggling with declining sales, which has been affecting the wider sector for years.

Macy's Inc. is closing 66 stores in the US in Q1 2025 as part of a strategic shift to invest in potential growth.