Macy’s announced plans to close 14 additional underperforming locations during the first fiscal quarter of 2026 as part of its “Bold New Chapter” turnaround strategy. These closures bring the total targeted shutterings to approximately 150 stores by the end of 2026. CEO Tony Spring emphasized that the company will continue to review its entire portfolio, focusing on exiting unprofitable markets and reallocating resources to higher-growth opportunities.

In the quarter ending November 1, Macy’s reported its strongest sales performance in more than three years. Comparable sales at stores slated to remain open rose for the second consecutive quarter, while brand-wide revenue, including e-commerce, grew at the fastest rate seen in 13 quarters. This marked improvement underscores the early impact of Macy’s restructuring efforts and renewed merchandising initiatives.

Macy’s continues to invest in its 125 “Reimagine” stores, which feature upgraded store design, enhanced customer experiences and elevated staffing levels. In the third quarter, these locations achieved a 2.7% year-over-year sales increase, outpacing the broader portfolio. The success of this initiative validates management’s decision to channel capital into modernizing key assets rather than maintaining underproductive outlets.

Beyond store closures and targeted investments, Macy’s is refining centralized functions and supply-chain processes to reduce costs and improve inventory turnover. Leadership has committed to delivering sustainable profitability by driving higher margins through better product assortments and optimized logistics. The ongoing portfolio rationalization, paired with digital enhancements, aims to position Macy’s for stable, long-term growth.