Macy’s is closing 65 stores in fiscal year 2024 alone, according to the company’s latest quarterly earnings report. The closures are part of the department store chain’s plan to shutter 150 stores by 2026, which the company announced during second ...

Macy's revealed the news during a Q3 earnings call, which had been delayed after an employee was accused of hiding $151 million.

Macy's has announced it will increase the number of planned store closures after the holidays. Macy's spokesperson said they cannot confirm at this time which ones.

Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to eliminate roughly 150 underperforming stores over the next three years.

Store closures in 2025 will involve high street favourites including WHSmith and The Entertainer. It's all down to a decrease in consumer spending as well as increased rents and operational costs

High street favourites including WHSmith and The Entertainer are set to close more stores next year. More than 8,500 retail outlets across the UK shut their doors in 2024, as reported by the Centre for Retail Research.