What Macy'S Stores Will Close In 2024 Olympics. After reporting a net loss of $71 million in the fourth quarter (compared to a $508 million profit the previous year), macy's will close approximately 150 underproductive stores. New york — macy's will close 150 unproductive namesake stores over the next three years including 50 by the end of 2024, the department store operator said tuesday after.

Macy’s, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods. At the same time the company signaled a.