Macy’s, one of America’s favorite department stores, has announced it will close 66 of its underperforming locations throughout the country as part of an effort called the “Bold New Chapter” strategy. This plan aims to enhance the company’s profitability and focus on its more successful stores. Many shoppers are wondering how this will affect their local Macy’s and what steps they need to take if they have gift cards or coupons.
Macy’s Lists 66 ‘Underperforming’ Stores to Be Closed
The decision to shut down these stores comes after Macy’s evaluated its overall performance. This has raised concerns particularly in areas like Florida, where seven stores are set to close. Passersby may have noticed the signs advertising clearance sales, which will begin in January for most locations and in February for furniture galleries.
What Florida Macy’s Stores Are Closing?
- Macy’s locations in Lake Worth and Sarasota are on the closure list.
- Shoppers in Fort Myers and Orlando will also see their Macy’s store close.
- This reflects a trend seen around the country as Macy’s works to keep only those stores that are most profitable.
Macy’s to Start Clearance Sales in January or February
For those loyal customers, there’s some good news: Macy’s will begin clearance sales at the closing stores starting in January. This is a great opportunity for shoppers to snag some deals. The sales will allow customers to find significant discounts on their favorite brands before the stores shut their doors for good.
What to Do with a Macy’s Gift Card?
Customers with Macy’s gift cards shouldn’t worry too much. According to the company, gift cards can be redeemed until January 11th at closing stores. If you have a gift card for current Backstage stores, you can use those until February 3rd. It’s the perfect chance to finally buy that item you’ve been eyeing!
How Long Can You Use a Macy’s Coupon?
If you have Macy’s coupons, don’t throw them away just yet! Coupons will be accepted at closing locations until January 12th. It’s essential to check the dates and ensure you make the most of these coupons before the stores close.
What Macy’s Stores Are Closing in the U.S.?
Overall, Macy’s is not just closing stores in Florida; this move affects locations across the entire United States. Previous plans indicated that approximately 150 underperforming stores would be shut down over the next three years. This restructuring is a significant shift in how the company will operate moving forward.
Why Is Macy’s Closing Stores?
The main reason cited by Macy’s leadership is to prioritize sustainable and profitable growth. This means focusing resources on stores that are doing well rather than trying to keep underperforming ones afloat. CEO Tony Spring explained that these closures and upgrades to remaining stores stem from the desire to adapt to current shopping trends and improve overall customer experience.
A Look Ahead
As these changes unfold, it’s important for shoppers to stay informed and take action if they have gift cards or coupons. While it’s sad to say goodbye to some familiar shopping spots, Macy’s aims to innovate and create better shopping experiences in the future. With clearance sales on the way and a focus on quality, there might be some bright horizons ahead for both the company and its customers.