Macy's announced the first batch of stores that they will be closing as a part of a revitalization plan the faltering retail giant revealed last year that calls for the shuttering of an eventual overall total of 150 "underproductive" locations nationwide in a bid to improve their fortunes.
Among the initial group of 66 closures revealed this week are nine locations in New York State, including several located on Long Island.
The plan, according to a press release issued by the company, "is designed to return the company to sustainable, profitable sales growth." This action follows Macy's third quarter 2024 sales reaching $4.7 billion, representing a decrease of 2.4 percent from the previous quarter.
“Closing any store is never easy," said Macy’s, Inc. Chairman and CEO Tony Spring. "But as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service."
The closures include nine New York locations, which are as follows:
- Massapequa: Sunrise Mall, 400 Sunrise Mall
- Huntington: Melville Mall, 834 Walt Whitman Road
- New Hyde Park: Lake Success, 1550 Union Turnpike
- Elmhurst: Queens Place, 88-01 Queens Boulevard
- Brooklyn: Sheepshead Bay, 2027 Emmons Avenue
- Rochester: Greece Ridge Mall, 397 Greece Ridge Center
- Brooklyn: 422 Fulton Street
- Staten Island: Staten Island Furniture, 98 Richmond Hill Road
- Bronx: Fordham Place, 404 East Fordham Road
Following the initial closure of 66 stores, Macy's overall revitalization plan calls for an additional 84 locations to close their doors by 2026; it is currently unknown which remaining locations will get the ax when all is said and done.