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Macy’s Announces Store Closures This Year Despite ‘Meaningful’ Progress

Over the past few years, Macy’s faced declining sales and intense competition from online retailers.
Macy’s Announces Store Closures This Year Despite ‘Meaningful’ Progress
The inside of Macy's store in downtown Brooklyn, New York City, on Jan. 13, 2025. Spencer Platt/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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Macy’s, a major American department store chain dating back to 1858, stated that it will close at least 14 stores throughout the United States this year.

In a report on its performance released on Jan. 8, Macy’s said it has made “meaningful” progress under its “Bold New Chapter” strategy, while noting plans to further close some weaker-performing stores and streamline operations.
Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.