04:52 PM EST, 01/09/2025 (MT Newswires) -- Macy's (M) confirmed the closure of 66 store locations as part of an initiative announced in February 2024.

The plan includes shutting about 150 "underproductive" stores during a three-year period while investing in 350 "go-forward" locations through fiscal 2026, the company said Thursday in a statement.

"This plan is designed to return the company to sustainable, profitable sales growth." according to the statement.