Macy’s to Close Another 150 Stores, Possibly Even in New Jersey

Macy's will continue to downsize its department stores, reportedly closing another 150 locations nationwide. Will New Jersey be affected?

Macy's to Close Another 150 Department Stores

By the end of 2024, another 50 Macy's stores will close their doors. Another 100 locations will go out of business by 2026.

The department store chain's revenue reportedly slipped 5.5% in 2023 compared to the year before, NJ.com reports.

Why is Macy's Closing Stores Again?

Macy’s CEO Tony Spring called the locations targeted for closing 'underproductive'. It's a kind way of saying those stores just aren't attracting enough in-person shoppers anymore to justify staying open.

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Is Bloomingdale's Replacing Closing Macy's Stores?

Macy's is the parent company of both Bloomingdale's department store and the luxury self-care chain and Sephora competitor Blue Mercury.

Macy's reportedly has designs on expanding both of those brands in the coming years, according to its CEO, so it's very possible one or the other could move into some of the shuttering Macy's stores. I certainly wouldn't mind either.

Is Macy's Closing Stores in New Jersey?

There's no cause for alarm concerning your favorite Macy's location in New Jersey.

Macy's has not revealed which of its 50 will close in 2024, according to NJ.com, so it's very possible stores in the Garden State are safe for now.

My greatest fear is that locations that seem devoid of much merchandise and empty most of the time I visit, like Hamilton Mall in Mays Landing, for example, could be on a short list of stores Macy's is looking to close. But time will tell.

New Jersey is home to 25 Macy's stores, including Deptford, Cherry Hill, Maple Shade, and Toms River.

Let's keep going down 'shopping malls memory lane' below!