Macy’s Store Closings 2024: Updates on Yearly Closures
you heard the news? Macy’s is closing 65 stores in 2024. According to their latest quarterly earnings report, this is part of their plan to shutter 150 stores by 2026. The decision was made during the second-quarter earnings call on Aug. 21. It seems that changing customer preferences in shopping, paired with an uncertain economy, played a role in Macy’s identifying underperforming stores in their lineup.
But don’t worry, it’s not all doom and gloom for Macy’s. The department store chain is redirecting resources from the closing stores to more profitable locations and their luxury stores like Bloomingdale’s and Bluemercury. Though they didn’t specify which of the 65 locations will be closing this year, it’s good to know that there are still 521 Macy’s stores currently open.
Here in New Jersey, we still have 28 Macy’s stores up and running:
Bridgewater (1)
Cherry Hill (2)
Deptford (1)
East Brunswick (1)
Eatontown (2)
Edison (1)
Freehold (1)
Jersey City (1)
Lawrenceville (1)
Livingston (1)
Maple Shade (1)
Mays Landing (1)
Mount Laurel (1)
North Brunswick (1)
Paramus (3)
Ramsey (1)
Rockaway (1)
Short Hills (1)
Springfield (1)
Toms River (1)
Wayne (2)
West Orange (1)
Woodbridge (1)
It’s always a little sad to see stores closing, but it’s part of the business world. Big Lots, Party City, Stop & Shop, Rite Aid, and Walmart have also made some big decisions this year. Change is in the air, but that’s how businesses grow and evolve. Keep an eye out for more updates and remember, our journalism needs your support. If you’re interested, please consider subscribing today to NJ.com to keep up with all the latest news. And if you have any tips or news to share, you can reach out to the team at nj.com/tips. Stay informed, stay engaged, and keep shopping smart!
