Summary:

Macy's is closing at least 66 stores across the US in Q1 2025.
Ten Macy's locations in the New York City area will be affected.
Closures are part of Macy's strategy for sustainable, profitable growth.
The company plans to upgrade hundreds of existing stores.
CEO Tony Spring confirms the closures, emphasizing the need to focus resources on successful locations.

Macy's Closing 10 NYC-Area Stores: The Full List

Macy's is closing at least 66 underperforming stores nationwide, with several closures impacting the New York City area. This is part of the company's plan to focus on profitable growth. The closures, initially slated for 2024, will now happen in the first quarter of 2025.

Here's the list of affected NYC-area stores:

Essex Green Shopping Center, NJ
Lake Success Shopping Center in New Hyde Park, NY
Melville Mall, NY
Queens Place, NY
Sheepshead Bay, NY
Mall at Greece Ridge, NY
Sunrise Mall, NY
Downtown Brooklyn, NY
Staten Island Furniture, NY
Fordham Place, NY

See the full list of Macy's store closures here.

Macy's CEO Tony Spring stated that while closing stores is difficult, this move allows them to reinvest in more successful locations and improve offerings for customers.

This announcement follows an earlier report that Macy's planned to close 150 stores by 2026. The company also plans to upgrade existing stores to enhance the customer experience.

Source: NBC New York