45 areas are to be closed as a part of the 3-year plan
The entrance to a Macy’s department store.
Jeffrey Greenberg | Universal Images Group | Getty Images
According to CNBC, Macy’s has told employees at around 45 of its department stores that they will close by the middle of this year.
The closings are part of a previously announced plan by Macy’s to close 125 locations by 2023, which the retailer outlined last February.
“As previously announced, Macy’s is committed to licensing our fleet of stores by focusing our existing retail locations on desirable and high-traffic A and B shopping centers,” a spokeswoman told CNBC in a statement.
“To that end, we announced several store closings today in line with guidelines issued in February 2020,” she said. “These closings bring us closer to achieving the right mix of stores in malls.”
Liquidation sales have already started at some locations, and the rest are scheduled to begin this month. A list of the 45 or so locations was not immediately available from CNBC.
According to its website, Macy’s operates 544 of its eponymous department stores as well as 34 Bloomingdale locations, 19 Bloomingdale branches and 166 Bluemercury stores.
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