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This Iconic Department Store Is Closing 60 Stores, Starting in January

Best Life Logo By Kali Coleman of Best Life | Slide 3 of 5: Those 10 stores are just part of the 60 in total Macy's plans to close by 2023, but it is delaying the closures of the remaining 50 stores. According to CNBC, since Macy's announcement in 2020, the retailer has closed 65 stores, leaving 60 locations left to shutter."The delayed closure of certain stores allows us to maintain a physical presence in the market, which is critical to our top line growth," Macy's CFO Adrian Mitchell told analysts on an earnings conference call, per CNBC. "Digital performance is stronger in the markets where we have stores."RELATED: For more retail news delivered straight to your inbox, sign up for our daily newsletter.

And the retailer plans to close 50 remaining stores by 2023.

Those 10 stores are just part of the 60 in total Macy's plans to close by 2023, but it is delaying the closures of the remaining 50 stores. According to CNBC, since Macy's announcement in 2020, the retailer has closed 65 stores, leaving 60 locations left to shutter.

"The delayed closure of certain stores allows us to maintain a physical presence in the market, which is critical to our top line growth," Macy's CFO Adrian Mitchell told analysts on an earnings conference call, per CNBC. "Digital performance is stronger in the markets where we have stores."

RELATED: For more retail news delivered straight to your inbox, sign up for our daily newsletter.

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