DETROIT – Macy’s announced plans to close 66 store locations, including four in Michigan.
The big box retailer is planning to close 150 underproductive stores over a three year period while investing in 350 stores through 2026.
“Closing any store is never easy, but as part of our Bold New Chapter strategy, we are closing underproductive Macy’s stores to allow us to focus our resources and prioritize investments in our go–forward stores, where customers are already responding positively to better product offerings and elevated service,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc.
The four Michigan locations are:
Oakland Mall — Troy
Lakeside Mall — Sterling Heights
Genesee Valley Center — Flint
Grand Traverse Mall — Traverse City
—> Related: Macy’s tightens financial controls after employee covered up what became a $151 million mistake
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