Macy’s To Close 66 More Stores in 2025, Store Closures Span 22 States

Beginning 2025 with a continuation of its “Bold New Chapter” pivot plan, Macy’s has announced the impending closure of 66 of its stores nationwide, as Axios reported.

“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc, via a press release.

Macy’s Stores To Close in 22 States: Here’s the List

Following a trend it had engaged with over the course of the past few years, Macy’s waited for the conclusion of the holiday shopping season before outlining its plans for further store closures. This January, the company indicated that stores would be shuttering in 22 states. The list of those states follows, with Macy’s giving specific details and addresses for each.

• Arizona (one store affected).
• California (nine stores).
• Colorado (two stores).
• Florida (eight stores).
• Georgia (three stores).
• Idaho (one store).
• Illinois (one store).
• Louisiana (one store).
• Maryland (two stores).
• Massachusetts (one store).
• Michigan (four stores).
• Minnesota (two stores).
• Missouri (two stores).
• New Jersey (one store).
• New York (nine stores).
• Ohio (two stores).
• Oregon (two stores).
• Pennsylvania (four stores).
• Tennessee (one store).
• Texas (six stores).
• Virginia (one store).
• Washington (three stores).

Macy’s To Run Clearance, Liquidation Sales to Kick Off 2025 Retail Season

Per Axios, Macy’s confirmed it was planning to utilize this opportunity to run a slew of clearance and liquidation sales in advance of these store closures.

Sales are slated to kick off in January and run for upwards of 12 weeks for both larger locations and smaller storefronts. Furniture galleries and free-standing Backstage stores, by contrast, will begin running their close-out promotions in February for a six-week timeframe.

Macy’s has endured some significant headwinds in recent memory, with an employee being accused of intentionally and erroneously hiding $132 million to $154 million in delivery expenses in November, as USA Today profiled. This alleged offense may have only come to light last November, but the employee in question had ostensibly been fudging the numbers for nearly three years.

Further, the Macy’s restructuring plan has, as yet, been unable to reverse the slide of company stock prices. As Zacks Equity Research provided to Nasdaq, the stock price has fallen by 1.7% since its latest earnings call (while still outperforming the S&P 500), and although its efforts have been laudable, Zacks analysts still rate the investment as a hold, rather than a buy.