Macy’s May Close 150 Stores Will New Jersey Be On The Hit List?😥

It is one of the iconic department stores in America, Macy's Department Store. According to Britannica, "The company grew out of a partnership founded in Lower Manhattan in 1858 by Rowland H. Macy (1822–77), whose several previous attempts at retailing had all failed." The rest is history. One of the must things to do during the holiday season is to visit the famous Macy's in Manhattan in New York City and while your their check out all the window displays.

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In addition to Christmas, let's not forget Thanksgiving. "Since 1924 Macy’s has held an annual Thanksgiving Day parade in New York City; first televised nationally in 1947, it is one of the country’s most popular parades."

Unfortunately according to a recent Patch article, it looks like Macy's may be closing it's doors on possibly 150 stores nationwide. "The announcement came after the company posted a fourth-quarter loss and declining sales. At the same time, the company signaled a pivot to its luxury brands, saying it will open 15 higher-end Bloomingdale’s stores and 30 of its luxury Blue Mercury cosmetics locations."

Currently, there are 25 Macy's locations in New Jersey, there is no word yet on which, if any, will find themselves on the Macy's chopping block. According to Patch, "The iconic department store chain plans to close 50 of the targeted stores by the end of 2024, and another 100 over the next few years. By 2026, Macy’s will have 350 stores, the company said."