Macy’s Store Closures: Why the Iconic Retailer Is Shutting Down More Stores
For more than 160 years, Macy’s has been a cornerstone of American retail. From the flagship Herald Square store in New York City to hundreds of locations across malls nationwide, the brand became synonymous with holiday shopping, fashion, and family traditions like the Macy’s Thanksgiving Day Parade. But the retail world has shifted dramatically. Declining mall traffic, the explosive rise of e-commerce, and changing consumer habits have pushed Macy’s to rethink its strategy. In 2024, the company unveiled a sweeping restructuring plan called the “Bold New Chapter.” The goal: close about 150 underperforming stores by 2026, streamline operations, and reinvest…
