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International Business Times
International Business Times
Mark Moore

Macy's Closing Dozens Of Stores, Including Iconic Philadelphia Location: 'Never Easy'

Macy Philadelphia
Holiday shoppers at Macy's flagship store in New York City's Herald Square. The retailer announced it would close 66 stores this year as part of a revitalization plan. (Credit: Jeenah Moon/Getty Images)

Macy's announced that it will close 66 stores across the country this year as part of the retailer's revitalization program, including its location in Philadelphia's Center City, a process the CEO said is "never easy."

The company said in February 2024 that it would shutter 150 stores over a three-year period "to return the company to sustainable, profitable sales growth," Macy's said Thursday.

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