Macy's is aggressively executing its “Bold New Chapter” strategy aimed at boosting profitability, which includes the closure of 150 underperforming locations nationwide.
- The initial phase has begun, with the first 14 stores starting liquidation sales in Q1 2026, signaling final closure within approximately 10 weeks.
- The restructuring involves significant job cuts, including 1,050 workers at Connecticut fulfillment centers and 89 at New Jersey stores.
- The company plans to pivot resources toward 125 "Reimagine" locations and expand its digital and Bluemercury operations.