Macy’s Announces Closure of 65 Stores: Impact on Arizona Locations
Macy’s recently announced plans to close 65 stores across the country, which is 15 more than originally planned for 2024. This decision is part of an effort to boost Macy’s sales, which saw a decrease of 2.4% in the third quarter of this year compared to the same time last year.
In addition to closing underperforming stores, Macy’s is looking to expand its luxury store presence with new Bloomingdale’s and Bluemercury locations. This strategic plan aims to position the company for growth in the coming years.
For Arizona shoppers, this news raises questions about whether Macy’s will be closing any of its seven locations in the state. With six stores around metro Phoenix and one in Tucson, it’s unclear which specific stores will be affected by the closures.
As of the end of the third quarter, Macy’s operates a total of 435 locations nationwide, including various formats like small format, furniture, and backstage stores. In addition, the company also runs 59 Bloomingdale’s and 164 Bluemercury locations.
While we await more details on which stores may be closing, it’s clear that Macy’s is making strategic moves to adapt to changing consumer trends and ensure its long-term success in the retail industry. Stay tuned for updates on how this could impact Arizona shoppers in the near future.
