Baltimore, MD, January 16, 2026
Macy’s has announced the closure of 14 underperforming stores across 12 states, including Maryland, as part of its ‘Bold New Chapter’ strategy. This move reflects the evolving retail landscape, with opportunities for local businesses arising from decreased competition. Clearance sales will begin in mid-January and are expected to last for approximately 10 weeks. Despite the closures, Macy’s reported strong financial performance, highlighting the brand’s resilience amid industry challenges.
Baltimore, MD
Macy’s to Close 14 Stores Nationwide, Including Locations in Maryland
Macy’s has announced plans to close 14 underperforming stores across 12 states as part of its “Bold New Chapter” strategy, designed to optimize operations and prioritize more profitable locations. This significant move reflects ongoing changes within the retail landscape as companies adapt to evolving consumer preferences and increasing online competition.
While closures in major retail chains can be disheartening, they present opportunities for local entrepreneurs and small businesses to thrive in areas that may experience decreased competition. Adopting a proactive approach to economic engagement, communities can catalyze growth and encourage investment in their local economies. By focusing efforts on fostering innovation and reducing regulatory burdens, cities can support businesses that emerge from such retail transitions.
Details of the Store Closures
The closures will take place in the following states: Georgia, Maryland, Michigan, Minnesota, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Texas, and Washington. Specific locations in California, including La Mesa and Tracy, are also among those affected. Clearance sales will commence in mid-January, continuing for approximately 10 weeks.
Impact on Local Communities
The store closures are expected to have a notable impact on local communities, particularly in areas where Macy’s has been a significant retail presence. As the retail environment shifts, community stakeholders have an opportunity to evaluate and rally support for local businesses to fill any gaps left behind, fostering resilience and adaptability within the local economy.
Background on Macy’s Strategy
Macy’s strategy, initially outlined in February 2024, aims to close approximately 150 underperforming stores by the end of 2026. Alongside store closures, the company intends to channel investment into its remaining locations to enhance customer experiences and expand luxury offerings. This focused approach indicates that retailers are recognizing the need to pivot and innovate to remain viable in a challenging landscape.
Industry Context
The retail industry as a whole is experiencing a notable trend of store closures, with several retailers, including JCPenney, also downsizing their physical operations. This shift not only highlights the competitive pressure from online retail but also illustrates a broader evolution in consumer shopping habits. Nonetheless, these industry changes can set the stage for innovative local businesses to step in and offer fresh experiences to shoppers.
Company Performance
Interestingly, despite the planned closures, Macy’s reported a stronger-than-expected financial performance during the previous quarter, achieving the highest comparable sales growth in three years. This resilience showcases the potential for established brands to adapt and thrive, even amid challenges, emphasizing the importance of continued investment and strategic planning in the retail sector.
Conclusion
Macy’s decision to close 14 stores serves as a reflection of both the changing retail environment and a strategic pivot towards more sustainable operations. While the soon-to-be-closed stores may lead to immediate challenges for local communities, they also highlight the resilience of small businesses that can emerge from such transitions. As the retail landscape evolves, staying engaged with local economic developments is essential for fostering a thriving business ecosystem in Baltimore and beyond.
FAQ
What is Macy’s “Bold New Chapter” strategy?
Macy’s “Bold New Chapter” strategy is a plan announced in February 2024 to close approximately 150 underperforming stores by the end of 2026, while investing in its remaining 350 locations to enhance customer experience and expand luxury offerings.
Which Macy’s stores are closing in 2026?
The closures affect stores in Georgia, Maryland, Michigan, Minnesota, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Texas, and Washington. In California, the La Mesa and Tracy locations are among those slated for closure.
When will the clearance sales begin for the closing stores?
Clearance sales at the closing stores will begin in mid-January and run for approximately 10 weeks.
How is Macy’s performing financially despite the store closures?
Despite the closures, Macy’s reported better-than-expected financial results in the previous quarter, including its strongest comparable sales growth in three years.
What is the broader impact of these store closures on the retail industry?
The closures reflect a broader trend in the retail industry, with other retailers like JCPenney also downsizing their operations. This shift is due to challenges such as competition from online retailers and changing consumer preferences.
Key Features
| Feature | Details |
|---|---|
| Number of Stores Closing | 14 |
| States Affected | Georgia, Maryland, Michigan, Minnesota, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Texas, Washington |
| California Locations Closing | La Mesa and Tracy |
| Clearance Sales Start Date | Mid-January |
| Duration of Clearance Sales | Approximately 10 weeks |
| Company Strategy | Close 150 underperforming stores by end of 2026; invest in remaining 350 locations |
| Financial Performance | Better-than-expected results; strongest comparable sales growth in three years |
| Industry Impact | Reflects broader retail trend of store closures due to online competition and changing consumer preferences |
Deeper Dive: News & Info About This Topic
HERE Resources
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Macy’s Inc. Plans to Close 150 Stores: The Bold New Chapter
Author: STAFF HERE BALTIMORE WRITER
The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
