Macy’s to Close 28 Stores

the staff of the Ridgewood blog

Paramus NJ, Macy’s said Wednesday that it will close 28 of its namesake department stores and one Bloomingdales location as part of its annual review process.

The company operates about 680 department stores and 190 specialty stores. Many industry watchers expect department store operators will need to shutter more locations in order to become more profitable.

Macy’s has already been through several rounds of store closures in recent years. In November, Macy’s CEO Jeff Gennette said Macy’s was seeing weaker-than-expected performance at “lower-tier malls.”