Macy's is closing 66 stores as part of its "A Bold New Chapter" plan with liquidation sales set to start in January, the retailer confirmed to Axios Thursday. Why it matters: The struggling department store chain is getting smaller as it continues to deal with declining sales.

Department store operator Macy's said on Thursday it will close 66 store locations as part of a strategy it announced last year.

Roughly 150 Macy's stores will close over the next three years, with these first 66 closures affecting dozens of states in 2025.

Macy's (NYSE:M) is shuttering 66 stores, including nine in New York and nine in California, as part of its ongoing strategy to close 150 under-performing locations through 2026. The retailer's strategy,

What you should knowMacy's announced to employees it is closing its Philadelphia store in Center City, which has been open since 2006.The location is expected to close sometime in March, one of 65 Macy's locations that will be closing this year as part of a cost-savings initiative.

The Macy's department store in Center City Philadelphia will be closing its doors for good, one of more than 60 locations that will be shuttered across the country.

Macy’s, Inc. confirmed on Thursday, Jan. 9, the closure of 16 stores across Virginia, New Jersey, New York, Connecticut, Massachusetts, and Maryland as part of its

Macy's in the Acadiana Mall is closing, the company confirmed on Thursday, January 9. It is one of 66 stores nationwide that will be shutting