Macy’s, the popular department store that many of us know and love, is making some big changes. As part of its plan to improve profits, the company has announced that it will close 66 underperforming stores across the United States in 2025. These closures are part of a larger strategy aimed at focusing on stores that do better and helping the company move forward in a tough retail environment.
Why Is Macy’s Closing Stores?
The closure of these stores is a part of what Macy’s calls the “Bold New Chapter” plan. This strategy is designed to help the company become more profitable by directing their resources toward stores that perform well. Over the next three years, Macy’s plans to shut down about 150 of its underproductive locations. This means they are looking closely at which stores are bringing in sales and which ones aren’t making enough money.
What Stores Are Closing?
Among the 66 stores set to close, several are located in Florida. These include stores in places like Boynton Beach and Fort Lauderdale, Miami, and Sarasota. Here’s a quick list of some of the locations that will be closing:
- Boynton Beach
- Fort Lauderdale
- Pembroke Pines
- Miami
- Tampa
- Altamonte Springs
- Sarasota
This is just a start as Macy’s evaluates other locations nationwide. Closures were originally planned for 2024, but they have now shifted to the beginning of 2025 for at least some stores.
What Happens to Gift Cards and Coupons?
If you have a Macy’s gift card, you can still use it! Gift cards will be accepted until January 11th for most stores and February 3rd for Macy’s Backstage locations. So, if you were planning to use one, make sure you do it soon! Additionally, coupons will also still be valid until January 12th, giving shoppers a few extra days to find some great deals before the stores close.
Clearance Sales Coming Soon!
For those who love a good sale, you might want to mark your calendars! Clearance sales will kick off in January for most stores and February for furniture galleries. This means you’ll be able to find some awesome deals as Macy’s clears out its inventory. If you’ve had your eye on something, now might be a great time to snag it!
What’s Next for Macy’s?
Despite the sad news about store closures, Macy’s is also planning to renovate and upgrade hundreds of other existing stores. This shows that even though some doors are closing, the company is also looking to make improvements where they can. Macy’s CEO, Tony Spring, stated that these changes are meant to ensure the company can put its resources where they are most effective.
How Many Macy’s Stores Are There?
Currently, Macy’s operates hundreds of stores across the country, serving millions of customers every year. By focusing on the locations that do the best, the company hopes to create a more sustainable future and continue serving its loyal customers more effectively.
Key Takeaways for Shoppers
As the changes come into effect, shoppers across the nation should keep an eye out for updates on which specific stores will be impacted. It’s essential to stay informed so you can make sure to use any gift cards or coupons before the closures happen. Making these moves now will help Macy’s to serve its customers better for a brighter future.
While the news of store closures may be a bit unsettling, it’s important to remember that Macy’s is still committed to its customers. With new upgrades on the horizon and sales on the way, there will still be plenty of opportunities to shop and find what you love!
