Major American department store Macy’s announced on Jan. 9 that it will close 14 stores across 12 states.

The move is part of the company’s “Bold New Chapter” initiative launched in February 2024. By the end of 2026, Macy’s plans to shut down a total of 150 stores as it makes “targeted adjustments to its store footprint to better serve customers and support long-term growth,” the company told USA Today.

“These actions allow us to reinvest in go-forward stores and digital capabilities,” the statement added.

In a report obtained by Women’s Wear Daily, Chief Executive Officer Tony Spring explained the strategy behind the closures:

“In executing our strategy, we continue to review our portfolio and make careful decisions about where and how we invest, including closing underproductive stores and streamlining operations,” Spring said.

The company confirmed the closure of the following stores through USA Today:

• 5500 Grossmont Center Dr., La Mesa, California

• 3400 Naglee Rd., Tracy, California

• 4880 Briarcliff Rd. NE, Atlanta, Georgia

• 7900 Ritchie Hwy., Glen Burnie, Maryland

• 3850 Rivertown Pkwy. SW, Michigan

• 4101 W. Division St., Saint Cloud, Minnesota

• 50 Fox Run Rd., Newington, New Hampshire

• 112 Eisenhower Pkwy., Livingston, New Jersey

• 225 Interstate Shopping Center, Ramsey, New Jersey

• 1255 Niagara Falls Blvd., Amherst, New York

• 3801 Sumner Blvd., Raleigh, North Carolina

• 100 Pittsburgh Mills Cir., Tarentum, Pennsylvania

• 5488 South Padre Island Dr., Corpus Christi, Texas

• 17855 Southcenter Pkwy., Tukwila, Washington

“We have made meaningful progress and remain clear-eyed about the work ahead,” Spring said.