Macy’s decision to close nearly a third of its stores will lead to significant changes in malls and communities across the U.S., with some transformations likely surprising shoppers. In late February, the retailer announced plans to close about 150 locations by early 2027, though specific stores have not been identified. CEO Tony Spring noted that the stores slated for closure make up 25% of the company’s gross square footage but contribute less than 10% of its sales. Macy’s will focus on investing in the remaining 350 stores and expanding its more successful brands, such as Bloomingdale’s and Bluemercury.
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