Macy’s Inc. is pressing forward with its multiyear store rationalization, announcing the closure of 14 underperforming locations across 12 states in early 2026. This latest wave forms part of the retailer’s ‘Bold New Chapter’ strategy, unveiled in February 2024, targeting 150 total closures by the end of its fiscal 2026. The moves come as Macy’s shares have climbed 48% over the past year, buoyed by cost-cutting and a focus on higher-performing assets, according to Fast Company.
Clearance sales have already begun at the affected sites, signaling the end of operations within the next 10 weeks. ‘Macy’s, Inc. continues to execute its Bold New Chapter strategy, making targeted adjustments to its store footprint to better serve customers and support long-term growth,’ the company stated in an email to reporters on Jan. 9. These actions enable reinvestment in remaining stores and digital channels, per the retailer.
The strategy prioritizes ‘go-forward’ locations, with Macy’s committing to upgrades at 350 stores through fiscal 2026, ending Jan. 30, 2027. In 2025, the chain shuttered 66 stores, including two in Ohio, as detailed by the Cincinnati Enquirer. Ohio’s 18 remaining Macy’s outlets dodged this round’s list…