Macy's to close around 150 locations over the next three years

• Macy's plans to close roughly 150 locations through the end of 2026, starting with 50 this year.
• The retailer says the moves will help it strengthen its brand and return to sales growth.
• Cost savings from the closures will be reinvested into about 350 remaining stores, the company said.

After years of sluggish sales performance, Macy's is planning drastic cuts to its store fleet in order to concentrate on better-performing locations.