Foodie Pundit

Macy's Slashing 150 Stores Signals a Hard Pivot for the Suburban Mall

The department store giant is shuttering 150 namesake stores to bet big on luxury, off-price racks, and digital shopping.

By Foodie Pundit Newsroom - Published - Updated - Section: Closings Bankruptcies

Macy's Slashing 150 Stores Signals a Hard Pivot for the Suburban Mall

Key points

  • Macy's is closing 150 underperforming stores to cut costs and reinvest in its more profitable locations and luxury brands, Bloomingdale's and Bluemercury.
  • The closures are a symptom of the broader decline of traditional American shopping malls, forcing a reinvention of these properties into mixed-use destinations.
  • The strategy reflects a major shift in consumer behavior towards online shopping, and a "barbell" market favoring either luxury goods or off-price value, squeezing mid-market retailers.
  • Macy's plans to heavily invest in its remaining 350 stores and its digital platform to create a seamless "omnichannel" customer experience.
  • The pivot will result in job losses and economic impact in communities with closing stores, but promises an improved shopping experience for customers near the remaining, revitalized locations.

This report is part of Foodie Pundit premium coverage. Foodie Pundit members read the full story. See membership.

Sources and methodology

Reported from the public datasets below.

All sources Foodie Pundit reports from

More from the Foodie Pundit Newsroom

Permalink