Macy’s to Close 66 More Stores in 2025
Macy’s, the night before the Thanksgiving Day Parade
Macy’s, the department store chain founded in 1858 by Rowland Macy, announced it would close an additional 66 stores in calendar year 2025.
The retailer originally anounced its mass closing plan in 2024 as part of its Bold New Chapter program, saying it would close 150 “underperforming” locations.
The move will leave the retail brand with 350 department stores. The mass closing plan was disclosed in March 2024.
“People have endless options when it comes to where and how they shop,” Macy’s said in a statement on Thursday, adding that “Macy’s customers expect seamless shopping experiences and continuous improvements both in-store and online to meet those expectations.”
The closings, Macy’s CEO Tony Spring said in a statement, would “allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service.”
In early 2020 before the pandemic, Macy’s, which owns and operates Bloomingdale’s and previously owned numerous other regional department store chains, said it would close around 125 stores, a fifth of its locations, as part of a three-year plan.
Starting in the 1940s, Macy’s began to acquire regional department stores and owned, among others, L. Bamberger & Co., I. Magnin. Bullocks Wilshire, Hecht’s, Strawbridge’s, and Abraham and Straus. In 1994, Macy’s was acquired by Federated Department Stores and the combined entity acquired the May Department Stores Company in 2005. Federated then rebranded numerous May store brands including Kaufmann’s, Marshall Field’s, Strawbridge & Clothier, Filene’s, and Hecht’s. As of 2006, Macy’s operated over 850 stores.
Store closings this time around include the following: Brooklyn Downtown; Sunrise Mall in Massapequa; Melville Mall in Huntington; Philadelphia Center City; Southpark Mall in Colonial Heights, Virginia; and the Downtown LA Plaza in Los Angeles; among others.
Last year, Macy’s announced that its Union Square location in San Francisco, one of the department store chain’s largest and oldest locations, and one which has long been the flagship location for Macy’s West Coast operations, would be closing but added that the location would remain open until the property could be sold to a new owner.
The store’s San Francisco roots trace back to 1846 and the founding of the O’Connor, Moffat, Kean Co. department store, which was acquired by Macy’s in 1945.
Macy’s is headquartered within its flagship Herald Square store in Manhattan since 2020. It was headquartered in Cincinnati prior to that.
(Photo: Accura Media Group)
