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 announced the closing of 66 of its stores nationwide, including five in South Florida, as part of its “Bold New Chapter” strategy. That strategy is hardly a secret as the New York retail giant said last year Macy’s would close up to 150 under-performing stores through 2026 in an effort to shore up flagging profits.

Macy's (NYSE: M) is closing three longtime Seattle-area stores as part of its companywide shift to boost profitability. The retailer announced Thursday that its department stores at the Puyallup and Kitsap malls are among the 66 locations that will close this year, citing poor performance. The chain's furniture store in Redmond will also close.

Macy’s has confirmed they will be closing 66 stores across 22 states, with a majority set to shut their doors during the first quarter of 2025. About half of these are in just four states: New York (9 stores closing),

Macy’s on Thursday named 66 stores it plans to shutter this year through its "Bold New Chapter" initiative. The locations are spread across 22 states.