Macy’s to shutter 20 more stores, targeting $50M annual cost cuts
MM•
Macy’s, founded in 1866, will close 20 additional underperforming stores by the end of Q2 2026. The closures are expected to deliver approximately $50 million in annual cost savings as the retailer reallocates capital toward e-commerce and flagship locations.
1. Expanded Store Closure Plan
Macy’s announced on February 11 that it will close 20 additional underperforming locations by the end of Q2 2026, extending its previously disclosed rationalization program. The retailer expects these closures to reduce annual operating expenses by about $50 million, funds it plans to redeploy into its digital platform and select high-traffic flagship stores.
Related News
VBCI
Vanguard’s BondBuilder ETFs Gain $242M, Fuel $70B Target-Maturity Segment
VBCI•
VBCF
Vanguard’s BondBuilder ETFs Garner $242M, Join $70B Target Maturity Market
VBCF•
PRPO
Precipio Q1 Revenue Rises 30% to $6.71M; Adjusted EBITDA Falls to -$200K
PRPO•
VBCH
Vanguard’s BondBuilder Suite Amasses $242M in Two Months, Fuels $70B ETF Segment
VBCH•
C
SpaceX Reveals $1.45B Bitcoin Stake Ahead of $1.75T IPO
C•
Sources
F