Macy’s store closures update: Doomed locations will shutter over a longer timeline than previously planned

Your local Macy’s might not be closing its doors as soon as previously expected.  On Wednesday, the department store chain confirmed a major change involving a previously announced plan to permanently shutter 150 stores. In an earnings call, CEO Tony Spring revealed that “several major milestones” had been hit last year, citing a return to “positive comparable sales for total Macy’s Inc. and Macy’s Nameplate.”  The retail boss said Macy’s success marked “an important inflection point” for the chain, as the brand hit “better-than-expected” results in every quarter, and “delivered adjusted diluted EPS well above” the chain’s own guidance. On that same call, Macy’s CFO Tom Edwards confirmed that the chain still plans to close 65 locations to complete the 150 store closures that had been planned since 2024. However, the closures will take place over an extended timeline.  “With our stro