Macy’s is planning some significant changes to its stores in the coming years, and for many shoppers, this news may come as a surprise. In a bid to improve its profitability and focus on more successful locations, Macy’s has announced plans to close multiple stores across the country by 2025, including several in popular areas.
Macy’s Lists 66 Underperforming Stores to Be Closed
The retail giant has identified 66 stores that are not meeting performance expectations. This decision is part of a larger strategy known as “Bold New Chapter,” aimed at enhancing the company’s overall financial health. It’s a tough call for a big player like Macy’s, but they believe it’s necessary to succeed in today’s shopping world.
What Stores Are Closing?
Among the closing stores, some are located in busy shopping spots, which has many people wondering where they will go for their Macy’s shopping in the future. Especially, seven stores in Florida have joined this list, which is likely to affect many shoppers who rely on these locations.
| State | City | Store Location |
|---|---|---|
| Florida | Miami | Miami International Mall |
| Florida | Orlando | The Mall at Millenia |
| Florida | Tampa | Tampa Bay Center |
| Florida | Jacksonville | The Avenues Mall |
Clearance Sales Start Soon!
For those who love a good bargain, the good news is that Macy’s plans to kick off clearance sales at these closing locations soon. Starting in January, shoppers will be able to find incredible deals as these stores prepare to shut their doors for good. Clearance for furniture will begin in February, so keep an eye out for savings!
What Happens with Gift Cards?
If you have a Macy’s gift card, there’s no need to worry! These gift cards can still be redeemed either online or at any remaining Macy’s locations until specific dates, even for the stores that are closing. So, don’t forget to use them while you can!
How Long Can You Use Macy’s Coupons?
If you’re holding onto any Macy’s coupons, good news! You can use them until January 12th, 2025. Make sure to check the expiration dates on your coupons to shop smartly before the closure.
Why Is Macy’s Closing Stores?
So, why is Macy’s closing these stores? The choice to close underperforming locations aligns with their strategy to focus resources on the most profitable stores. This decision helps them to streamline their operations in an ever-changing retail environment where shopping habits are shifting significantly. With more buyers turning to online shopping, the retail landscape is very competitive.
The Future of Macy’s
Although it may seem sad that some stores will be closing, Macy’s is not stepping away from its brick-and-mortar presence entirely. The company also has plans to upgrade hundreds of existing stores, ensuring that where they do have locations, those stores will be better than ever.
While it’s difficult to see some familiar Macy’s stores go, change can sometimes lead to better things, like improved shopping experiences at the remaining stores. The focus is on ensuring that every customer’s visit to Macy’s is worth it, whether it’s online or in-person!