Macy's announced on January 9, 2026, that it will close its distribution center in Owasso, a strategic move impacting hundreds of workers as part of its multi-year 'Bold New Chapter' initiative to streamline operations.
- The closure is a tangible step in the retailer's strategy aimed at enhancing economic performance and streamlining overall operations.
- Macy's stock (M) reacted positively to the strategic adjustments, trading at $23.72, reflecting a 6.8% increase from its intraday low on higher-than-average volume.