Macy's has announced the closure of 66 stores as part of its “A Bold New Chapter” initiative, with liquidation sales slated to begin in January. This move is part of the retailer’s broader strategy to streamline operations and focus on its most productive locations.
Why It Matters
The department store chain continues to face challenges from declining sales, intensified competition from big-box retailers, fast-fashion brands, and online platforms. Macy’s plans to close a total of 150 stores by 2026—approximately one-third of its locations. CEO Tony Spring stated that the company is focusing resources on its “go-forward stores” to improve overall performance.
The Bigger Picture
The department store industry has been in turmoil for years. Iconic chains like Sears, JCPenney, and Neiman Marcus have filed for bankruptcy. Macy’s itself had initially planned to shutter 125 stores by 2023, but it fell short of the target, closing only 80 locations before the pandemic.
Other retailers face similar challenges. Kohl’s recently announced the closure of 27 stores by April.
Liquidation Details
Clearance sales for full-line and small-format Macy's stores will begin in January and last 8–12 weeks. Furniture galleries and standalone Backstage locations will start sales in February, lasting around six weeks.
Macy’s Store Closures List
California (including Sacramento area):
- Chula Vista: Otay Ranch Town Center
- Citrus Heights: Sunrise Mall
- Sacramento (Nearby): Roseville Galleria (closed in 2024)
Notable Closures in Other States:
- New York: Brooklyn, Bronx, and Staten Island locations
- Texas: Dallas, Houston, and Fort Worth
- Florida: Tampa, Sarasota, and Boynton Beach
- Pennsylvania: Philadelphia, Altoona, and Wilkes Barre
School Closures and Community Impact
The announcement of Macy’s store closures coincides with ongoing school closings in various regions due to weather conditions. In Sacramento, KY3, WNEP, and 13abc have been reporting on school closures, highlighting the broader impact on local communities as retail and educational systems navigate challenges.
Looking Ahead
As Macy's continues to reshape its business model, the focus remains on high-end brands and strengthening its remaining locations. The closures mark another chapter in the evolving retail landscape, with digital transformation and strategic downsizing shaping the future of department stores.