Macy’s Announces Closure of 66 Stores, Including Five in NYC, as Part of Bold New Chapter Strategy
New York City’s iconic New York State and five in New York City. This move is part of the company’s New York locations, including five in NYC:
- Queens Place Macy’s in Elmhurst
- Brooklyn’s Sheepshead Bay and Fulton Street locations
- Staten island Furniture store
- Fordham Place in the Bronx
outside the city, Long Island will lose three stores: Lake Success in New Hyde Park, Melville Mall in Huntington, and Sunrise Mall in Massapequa. Upstate, the Mall at Greece Ridge in Rochester will also shutter its doors. For the full list of closures, click blank”>here.
The Bigger Picture: A Strategic Shift
Macy’s plans to close approximately 150 underperforming stores over the next three years while investing in its 350 “go-forward” locations. The goal is to achieve sustainable and profitable sales growth by fiscal 2026. This strategic pivot reflects the challenges faced by traditional department stores in an increasingly competitive retail landscape.For New Yorkers, the closures mean fewer in-store shopping options, pushing many to rely on world.
For more updates on retail trends and store closures, explore our coverage of Stadium Goods’ NYC closure.