These NY Stores Will Close
Macy’s Announces Plans to Shut Down Underproductive Locations
Macy’s is proceeding with dozens of planned store cuts across the United States, including in the New York City area, as its strategic focus zeroes in on sustainable, profitable growth.
Tri-State Stores on the Chopping Block
The following tri-state stores are among at least 66 “underproductive” locations expected to close in the first quarter of 2025. They initially were supposed to be shuttered in 2024:
- Essex Green Shopping Center, NJ
- Lake Success Shopping Center in New Hyde Park, NY
- Melville Mall, NY
- Queens Place, NY
- Sheepshead Bay, NY
- Mall at Greece Ridge, NY
- Sunrise Mall, NY
- Downtown Brooklyn, NY
- Staten Island Furniture, NY
- Fordham Place, NY
Full List of Closures Available
See the full list of closures here. NBC News reported last year that the company planned to close 150 stores by 2026. Macy’s also has said it plans to upgrade hundreds of existing stores.
CEO’s Statement on Store Closures
“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,” Tony Spring, chairman and chief executive officer of Macy’s, Inc, said in a statement
Conclusion
Macy’s is taking steps to revamp its business strategy, focusing on sustainable and profitable growth. While store closures can be difficult, the company believes it will benefit from prioritizing its resources and investments in its remaining stores.
FAQs
Q: How many stores will Macy’s close by 2026?
A: According to NBC News, Macy’s plans to close 150 stores by 2026.
Q: What is Macy’s strategy for store closures?
A: Macy’s is closing underproductive stores to focus its resources and prioritize investments in its remaining stores, where customers are responding positively to better product offerings and elevated service.
Q: Will Macy’s upgrade its existing stores?
A: Yes, Macy’s plans to upgrade hundreds of its existing stores as part of its strategic focus on sustainable and profitable growth.
