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Macy's to close 14 stores nationwide, including 2 in California, as part of cost-cutting and focus shift.

Company Fundamentals
14 Apr 2026
New York Post
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Bearish
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Macy's announced plans to close 14 stores across the U.S., including two locations in California, continuing its strategy to shut down underperforming outlets. This move follows the closure of 66 stores in 2025 and is part of a larger plan to close 150 stores by the end of 2026 under new CEO Tony Spring. The closures aim to reduce costs and allow Macy's to concentrate on high-performing stores, luxury brands, and enhancing digital shopping experiences. The company will announce further closures on a rolling basis as it evaluates store performance regionally.

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