More closures are expected in Atlanta, Georgia; Glen Burnie, Maryland; Grandville, Michigan; Saint Cloud, Minnesota and Newington, New Hampshire. Additional closures are also coming to Amherst, New York; Raleigh, North Carolina; Tarentum, Pennsylvania; Corpus Christi, Texas and Tukwila, Washington.

Over the past two years, Macy’s, Inc. has aggressively reallocated capital toward higher-return assets in an effort to reposition the company and achieve greater value. The strategy appears to be working, and now, its next phase is underway.

The closures are part of the company's "Bold New Chapter" turnaround plan in an effort to support long-term growth and better serve customers.

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Macy's will close 14 stores this year, down from 66 closed last year. Existing stores that have undergone transformation are delivering positive results.

One of the businesses is children's clothing store Carter's, which announced the company’s plans to close "low-margin" stores in October.

As part of its “Bold New Chapter” strategy that was unveiled in 2024 to revitalize the business and close unproductive stores, Macy’s (M) announced the first round of store closures that are part of the 150 locations slated to be closed by the end of 2026.

Department store chain Macy’s is set to close more than a dozen stores in 2026 as part of an ongoing financial strategy. In a memo sent to employees this week, Macy’s CEO Tony Spring confirmed the company is shuttering several locations.

Marshalls has closed two major California stores on Saturday, January 3, sparking speculation of possible closures in other states, like Texas. Don't worry. Marshalls, owned by TJX Companies (which also runs TJ Maxx and HomeGoods), has not announced any statewide Texas closures.