Macy’s is closing 65 stores in fiscal year 2024 alone, according to the company’s latest quarterly earnings report. The closures are part of the department store chain’s plan to shutter 150 stores by 2026, which the company announced during second-quarter earnings call on Aug. 21.

In a surprising turn of events, the popular retail brand Macy’s has announced that it will be closing 65 stores in the coming weeks. The 1858-founded store chain is particularly known for harboring a wide collection of fashion,

Macy's has announced it will increase the number of planned store closures after the holidays. Macy's spokesperson said they cannot confirm at this time which ones.

Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and slash costs amid changes in the industry.

Store closures in 2025 will involve high street favourites including WHSmith and The Entertainer. It's all down to a decrease in consumer spending as well as increased rents and operational costs

High street favourites including WHSmith and The Entertainer are set to close more stores next year. More than 8,500 retail outlets across the UK shut their doors in 2024, as reported by the Centre for Retail Research.