NYSE:MMultiline Retail
Do Macy's (M) Aggressive Store Closures Reflect Strategic Focus or Shrinking Retail Relevance?
In 2025, Macy's closed 66 stores to cut costs, continued deep discounting into January amid tough retail conditions, and permanently shut two major Los Angeles and San Jose locations on January 5, 2026.
These ongoing closures, alongside weak same-store sales and a multi-year 22.4% annual drop in earnings per share, underline how challenged Macy's has been in aligning its store experience and product mix with shifting consumer preferences.
With Macy's accelerating store closures to address...