Macy’s to Close 14 More Stores in 2026 as It Pushes “Bold New Chapter” Strategy — Macy’s Store Closures 2026 Hit 11 States, Including Marley Station Mall Closure
Macy’s will close 14 additional stores in 2026, mostly in Q1, as part of its “Bold New Chapter” plan to shutter about 150 underperforming locations by year-end and reinvest in roughly 350 stronger go‑forward stores.
Key takeaways
- 14 additional closures in 2026: Most shutdowns are expected in Q1 with clearance sales beginning mid‑January and running about 10 weeks. Sources include Macy’s Inc. newsroom, The Daily Record and Axios.
- Closures span 11 states: Confirmed locations include Marley Station Mall in Glen Burnie, MD, and Crossroads Center in St. Cloud, MN. Reporting from The Daily Record and Bring Me The News documents affected sites.
- Part of a larger pruning: These 14 closings follow 66 in 2025 and support Macy’s goal to cut roughly 150 underperforming stores by the end of 2026 while investing in ~350 go‑forward locations (Fox Business).
Confirmed closures and timeline
Macy’s on Jan. 8 notified employees and the public that 14 more stores will be closed, with the majority of liquidations and final shutdowns concentrated in the first fiscal quarter of 2026. Clearance sales are expected to begin mid‑January and last roughly 10 weeks, affecting staff and local shoppers.
“These choices are not made lightly,” CEO Tony Spring wrote in a Jan. 8 memo, framing the moves as a way to concentrate resources on the most profitable stores and services.
Confirmed affected states: Maryland (including Marley Station Mall, Glen Burnie), Georgia, Michigan, Minnesota (St. Cloud, Crossroads Center), New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Texas and Washington. Reporting includes The Daily Record, Axios and Bring Me The News.
Background and company strategy
The store reductions are part of Macy’s “Bold New Chapter” strategic review: a plan to trim underperforming assets, double down on digital and luxury, pilot smaller curated formats and reinvest capital into approximately 350 go‑forward locations. Macy’s has piloted smaller-format stores — roughly one‑fifth the size of traditional stores — with 21 openings since the pilot began in Texas five years ago (Macy’s Inc. newsroom; The Daily Record).
Financial performance driving the move
Macy’s Q3 2025 (quarter ended Nov. 1, 2025) results showed mixed performance: comparable sales grew 2% to $4.7 billion, but net sales were down roughly 2.3% when factoring in closures. Go‑forward stores and remodeled locations posted stronger comps — signals management says justify reallocating capital to higher-performing outlets.
Management view: Executives cite 2.3% comparable gains at go‑forward stores and 2.7% gains at remodeled locations as evidence that investment in selected stores can yield better returns (The Daily Record).
Employee and community impact
Macy’s says impacted employees will receive notice and be offered transfer options where available, plus severance and outplacement support. The company has not published exact job‑loss figures tied to the 14 announced stores.
Local communities face potential short-term revenue and foot‑traffic losses when anchor tenants depart. Mall owners often explore redevelopment — converting vacated anchors into mixed‑use, entertainment, office, or medical space — but such projects require time and capital. Local workforce agencies and chambers of commerce will be important partners in transition efforts (The Daily Record; Axios).
Which stores are closing
Macy’s confirmed closures across 11 states. Notable named locations include the Macy’s at Marley Station Mall in Glen Burnie, Maryland, and the Macy’s at Crossroads Center in St. Cloud, Minnesota. Clearance and liquidation schedules will be posted locally as plans proceed (The Daily Record; Bring Me The News; Axios).
Industry context: a wider wave of closures
Macy’s retrenchment reflects a broader retail trend in 2026: many national chains are reducing physical footprints to reallocate resources to e-commerce, fulfillment, and a smaller set of experiential stores. Analysts expect roughly 300 U.S. store closures across chains this year as retailers chase higher margins and lower fixed costs (Business Insider; TheStreet).
Investor outlook and next steps
Investors will watch Macy’s earnings update on March 6, 2026 for specifics on the financial impact and how savings will be redeployed. If trends at go‑forward and remodeled stores continue to outperform, executives expect improved margins and a leaner operating model; otherwise, further adjustments could follow (Macy’s Inc. newsroom; The Daily Record).
Reporting note
This article draws on Macy’s public releases and reporting from multiple outlets. Source links for verification:
