06/11/2025

Macy’s to Close 150 Stores after Sales Drop $21.3 Billion

Buying habits, weak economy have forced the store to rethink its future

Imagine this: You're walking through your local mall, and there it is—the familiar red star of Macy's glowing in the distance. For generations, that star has meant holiday shopping sprees, back-to-school hauls, and maybe even a little retail therapy. But now, picture that space empty, the doors locked for good.

That is the reality for 150 Macy's stores across the U.S., as the retail giant announces closures as part of its "A Bold New Chapter" plan. If you've ever hunted for a bargain in those aisles or watched the Thanksgiving Day Parade floats, this feels like more than just a business move—it is personal.

Macy's, a cornerstone of American retail since 1858, is facing a pivotal moment. A $21.3 billion sales drop, shifting consumer habits and a retail world that is gone digital have forced the company to rethink its future. By 2026, Macy's will shrink to just 350 stores, down from over 700 before the pandemic. That is 150 stores—about 30 percent of its main chain—closing their doors. But why? And what does this mean for the future of shopping as we know it?

Please select this link to read the complete article from ABC Money.