Macy Store Closings 2024. Macy's will be shutting down 150 stores in a realignment effort, the retailer announced in a news release tuesday. The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years.
Macy’s on thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales. The department store chain will expand bloomingdale’s and bluemercury.