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Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury.
First, Macy’s will have to downsize. The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years.
The company's flagship Marshall Field and Company Building on State Street in the Chicago Loop is a National Landmark. It was officially branded Macy's on State Street in 2006, when it became one of Macy's flagship stores .
The Marshall Field and Company Building is a National Historic Landmark retail building on State Street in Chicago, Illinois. Now housing Macy's State Street, the Beaux-Arts and Commercial style complex was designed by architect Daniel Burnham and built in two stages—north end in 1901–02 (including columned entrance) and south end in 1905–06. It was the flagship location of the Marshall ...
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury.
On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were set to close in 2024 alone, including the iconic Macy's San Francisco flagship store. [173]
The retailer aims to prioritize investments in its remaining 350 stores, with the shutdown of 50 locations expected by the end of 2024, and the complete closure of "underproductive" stores by 2026 ...
Macy's Inc., the iconic New York City-based department store chain and sponsor of its namesake Thanksgiving parade, plans to close 150 stores over the next three years.