Key Takeaways Macy's released an initial list of 66 "underperforming stores" it plans to close as part of a multi-year turnaround campaign, including its Philadelphia City Center and Downtown Brooklyn locations.

Macy's said on Thursday that it plans to close 150 stores in 22 states throughout the country for underperformance as the company's next step in finding its way to profitability again.

Macy's announced 66 stores that it will close soon, a part of its previously announced plan to shink the chain by about 150 stores it deemed as underperforming. See full list.