Macy’s, a popular department store, is making big changes to stay modern and improve shopping. They have a plan called the “Bold New Chapter.” This plan means Macy’s will close 150 large stores by the end of 2026. So far, 66 stores have already closed this year.
Why Are So Many Macy’s Stores Closing?
Macy’s wants to focus on smaller stores that work better and make more money. Big stores that don’t sell well will be closed. The CEO said that when stores start closing, sales in nearby stores may drop for a while because customers feel unsure. But after some time, sales usually improve again.
Making Remaining Stores Better
While Macy’s closes some stores, it is also fixing and improving many others. Over 350 stores will stay open, and 125 of these stores have already been remodeled with new looks and better shopping experiences. Macy’s is also opening 30 new smaller Macy’s stores, 15 Bloomingdales, and 30 Bluemercury stores.
Customers are happy with the changes. Macy’s is adding popular brands like Good American, Firi, Nick and Zoe, Coach, and Donna Karan. They want to offer fashion choices at different prices so everyone can find something they like.
Price Changes Because of Tariffs
Macy’s is having some trouble because of tariffs, which are extra taxes on goods from China. About 20% of Macy’s products come from China, including many of their own brands. Because of these tariffs, Macy’s has canceled or delayed some orders.
To handle these extra costs, Macy’s will raise prices on some products but not all. Some items will stay the same price, some will cost more, and some might be removed if they don’t offer good value.
Experts also say prices for some groceries will rise a lot this year, including a popular breakfast food.
What Do These Changes Mean for Shoppers?
Macy’s plan to close some stores and improve others is meant to keep up with how people shop today. You might see some Macy’s stores closing near you or new smaller stores opening. Prices on some products may go up, but Macy’s wants to keep offering good styles and fair prices. This plan should help Macy’s stay strong and popular in the future.
Macy’s is changing by closing less popular big stores and focusing on smaller, better ones. Prices may change because of tariffs, but Macy’s is working to keep shopping enjoyable and offer trendy products. This new plan will help Macy’s stay modern and meet customer needs.
