{"id":279518,"date":"2026-01-11T16:22:11","date_gmt":"2026-01-11T16:22:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/279518\/"},"modified":"2026-01-11T16:22:11","modified_gmt":"2026-01-11T16:22:11","slug":"high-street-fashion-giant-with-more-than-400-stores-to-close-14-shops-world-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/279518\/","title":{"rendered":"High street fashion giant with more than 400 stores to close 14 shops | World | News"},"content":{"rendered":"

A huge department store has announced plans to shut 14 more underperforming stores<\/a> this year. Macy’s<\/a> is continuing a sweeping overhaul of its bricks-and-mortar estate<\/a>, as the US department store giant<\/a> pushes ahead with its turnaround strategy.<\/p>\n

The latest closures follow the shutdown of 66 locations in 2025 and 55 the year before, meaning the retailer will be around 80% of the way towards its target of closing 150 stores once the next round is complete. Most of the new closures are expected to take place in the first quarter.<\/p>\n

The store reductions form a central part of the \u201cBold New Chapter\u201d transformation plan unveiled by chief executive\u00a0Tony Spring\u00a0in February 2024, aimed at reversing years of falling sales and repositioning the business for long-term growth.<\/p>\n

In an internal memo seen by industry publication\u00a0WWD, Spring said the company was continuing to reassess its store portfolio and investment priorities.<\/p>\n

\u201cAs we execute our strategy, we are making deliberate choices about where and how we invest, including exiting stores that are not delivering and simplifying our operations,\u201d he said.<\/p>\n

Spring added that affected staff would receive support, including opportunities to transfer to other locations where possible, as well as severance packages and outplacement assistance.<\/p>\n

While store closures are widely viewed as the most disruptive aspect of the strategy, other elements of the plan are beginning to gain traction. Retail analysts say investments in merchandising and store upgrades are resonating with shoppers.<\/p>\n

\u201cMacy\u2019s has made meaningful improvements to its offer and is starting to see stronger performance as a result,\u201d said\u00a0Neil Saunders, managing director of GlobalData\u2019s retail division.<\/p>\n

\u201cThat\u2019s giving management confidence to double down on the stores it believes can succeed and continue evolving them for today\u2019s customer.\u201d<\/p>\n

Spring\u2019s plan marked his first major strategic move after stepping into the CEO role, following a year as president of Macy\u2019s Inc. and almost a decade leading Bloomingdale\u2019s.<\/p>\n

The overhaul targets both the customer-facing business and internal operations, with a focus on simplifying back-office systems and sharpening the group\u2019s brand portfolio.<\/p>\n

Alongside the Macy\u2019s turnaround, the company plans to expand its higher-growth banners, including opening\u00a015 new Bloomingdale\u2019s luxury stores\u00a0and\u00a030 Bluemercury locations, its beauty chain that competes with Ulta and Sephora.<\/p>\n

The urgency of the reset was driven by sustained declines at the Macy\u2019s brand, with comparable sales falling\u00a03.3% in fiscal 2022\u00a0and\u00a06.6% in fiscal 2023.<\/p>\n

As part of the revamp, the retailer has identified\u00a0350 core stores\u00a0it intends to keep long term, with\u00a0125 of those acting as pilot locations\u00a0for testing new layouts, assortments and customer experience upgrades.<\/p>\n

Macy\u2019s leadership believes the changes will ultimately stabilise the business, even as the near-term impact of store closures continues to reshape its high street presence.<\/p>\n","protected":false},"excerpt":{"rendered":"A huge department store has announced plans to shut 14 more underperforming stores this year. Macy’s is continuing…\n","protected":false},"author":2,"featured_media":279519,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,18,19,17,83961,1543],"class_list":{"0":"post-279518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-store-closures","13":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115877390465522886","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/279518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=279518"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/279518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/279519"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=279518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=279518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=279518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}