Macy’s has announced it will close 66 stores across the United States, marking another big change in the retail landscape. This move comes as part of a larger strategy to improve the company’s profits and focus on its more successful locations. The decision to shut down these underperforming stores aims to make the overall business stronger.
Macy’s Lists 66 ‘Underperforming’ Stores to Be Closed
The store closures are expected to take place over the next few years. According to Macy’s, these stores are not making enough money and are part of a plan to create a “Bold New Chapter” for the company. With 521 Macy’s stores still in operation, this move focuses on improving profitability by concentrating resources in locations that do better financially.
What Florida Macy’s Stores are Closing?
In Florida, seven locations are on the chopping block, including stores in Boynton Beach, Fort Lauderdale, Pembroke Pines, Miami, Tampa, Altamonte Springs, and Sarasota. For many shoppers in these areas, this news could mean a big change. Macy’s is encouraging all customers to take advantage of clearance sales starting in January.
Macy’s to Start Clearance Sales in January or February
If you have been waiting for a sale, this is your chance! Macy’s will begin clearance sales in January for most of the closing locations and will continue through February for furniture galleries. This is a great time for shoppers to find fantastic deals on clothing and home goods before the store shuts its doors for good.
What to Do with a Macy’s Gift Card?
For those wondering about gift cards, don’t worry; you can still use them. Macy’s has announced that gift cards can be redeemed online or at the closing stores until their specified closure dates. So, if you received a gift card this holiday season, you still have time to shop!
How Long Can You Use a Macy’s Coupon?
If you are holding onto coupons, be mindful of the expiration date. Macy’s will accept coupons until January 12th, giving you a limited time to score additional savings at the stores that are closing. Make sure to check your coupons and plan your shopping as soon as possible!
How Many Macy’s Stores Are There and How Many Are in Florida?
Currently, Macy’s operates a total of 521 stores across the country, with 41 of those located in Florida. The decision to close 66 underperforming stores reflects the company’s focus on ensuring that the remaining stores can thrive in the competitive retail market.
Why is Macy’s Closing Stores?
Macy’s is closing stores not just for the sake of cutting back but as part of a larger plan to thrive in a changing retail environment. The goal is to direct more resources into stores that are performing well and to upgrade existing locations. CEO Tony Spring shared that although these closures are tough decisions, they are necessary for the company’s long-term financial health.
| State | Store Locations |
|---|---|
| Florida | Boynton Beach, Fort Lauderdale, Pembroke Pines, Miami, Tampa, Altamonte Springs, Sarasota |
| New York | Lake Success, Melville Mall, Queens Place, and more |
| New Jersey | Essex Green Shopping Center |
As Macy’s navigates these changes, many shoppers across the nation will feel the impact. Customers in closing locations are encouraged to take advantage of the clearance sales and use any remaining store credits and coupons before the final goodbye to their local Macy’s.
