Macy's and Kohl's Nationwide Store Closures: Here's What You Need to Know
Overview of Store Closures
Macy's and Kohl's have revealed plans for nationwide store closures that will see nearly 90 locations shut their doors.
Macy's Strategy for Store Closures
Macy's is closing over 60 stores as part of its Bold New Chapter strategy aimed at achieving sustainable growth. Locations across nearly two dozen states will be impacted, with closures expected by early 2025.
Details of Macy's Store Closures
- Arizona: Superstition Springs Center
- California: Multiple locations including Broadway Plaza and Westminster Mall
- Florida: Locations such as Boynton Beach Mall and Southgate
- Georgia: Gwinnett Place and Johns Creek Town Center
- New York: Locations including Melville Mall and Staten Island
Kohl's Real Estate Changes
Kohl's plans to close 27 underperforming stores as a part of significant real estate changes effective before April 2025. The focus remains on enhancing long-term growth.
Kohl's Affected Locations
- California: Locations including Balboa and San Luis Obispo
- Georgia: Duluth
- Texas: North Dallas
For employees affected by these closures, severance packages or internal transfer opportunities will be offered.
Financial Implications of Retail Closures
These closures highlight the ongoing challenges faced by the retail sector. With economic pressures mounting, major brands are adjusting their strategies to focus on more profitable ventures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.