Macy’s will close roughly 125 stores, a fifth of its locations, over the next three years.
After previously announcing that it would close 298 locations, Macy’s said Tuesday that it will now shutter nearly 100 more.
The retailer also said that it is cutting about 2,000 positions , eliminating 9% of its corporate and support positions.
“We are making deep cuts that impact every area of our business,” Macy’s CEO Jeff Gennette said Wednesday during the retailer’s Investors Day. “These changes are painful but they are necessary.”
Macy’s, once the model of the luxury department store, has struggled to stay afloat during a time when Amazon has remade the shopping landscape and one time retail giants like Payless and Toys R Us are going out of business.
Macy’s store closures:Macy’s to close 125 stores over next 3 years and slashing 2,000 jobs
Macy’s initial closures:Macy’s is closing nearly 30 stores in 19 states. Is your location on the list?
Macy’s store closings
The retailer says that shutting weaker stores in lower-tier malls will enable it to focus on locations with stronger sales as well as its online operations.
Here’s an updated list of stores Macy’s previously revealed it was closing starting in 2020.
Antioch: Somersville Towne Center
San Diego: Horton Plaza Park
Meriden: Westfield Meriden
Miami: The Falls Mall
Pompano Beach: Pompano Citi Centre
Sanford: Seminole Towne Center
Vero Beach: Indian River Mall
Decatur: The Gallery at South DeKalb
Macon: Macon Mall
Waikoloa Village: Kings’ Shops
Lewiston: Lewiston Center Mall
Carbondale: University Mall
West Dundee: Spring Hill Mall
Muncie: Muncie Mall
Owensboro: Towne Square Mall
Salisbury: The Centre at Salisbury
Leominster: The Mall at Whitney Field
Helena: Helena Northside Center
Hicksville: Broadway Commons
Winston-Salem: Hanes Mall
Cincinnati: Northgate Mall
St. Clairsville: Ohio Valley Mall
Stow: Stow-Kent Plaza
Harrisburg: Harrisburg East Mall
State College: Nittany Mall
Goodlettsville: RiverGate Mall
Burlington: Cascade Mall
Walla Walla: Downtown
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