Macy’s Is Closing These 5 Stores in 2024

NEWS & TRENDING - SHOPPING & DEALS NEWS
Find out which cherished Macy's stores won't be part of your shopping spree anymore.
Updated April 11, 2024
Fact checked
Macys store sign

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

After shutting down a handful of stores in 2023, Macy’s has more closures planned for this year.

The retailer has announced another five closings in four states this year. While a store closure near you might help you keep more cash in your wallet, it is never a good feeling to see one of your favorite stores close.

Is your local Macy’s on the chopping block? Check this list to see.

Earn cash back on everyday purchases with this rare account

Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1

With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!

This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.

Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.

Apply for a Discover Cashback Checking account today

California

dennizn/Adobe macy's famous store
  • Bayfair Center — San Leandro, California
  • Simi Valley Town Center — Simi Valley, California

Two locations in California are shutting down this year as part of company plans announced in 2020 to reduce the number of its stores.

The move comes after Macy’s closed a location at Baldwin Hills Crenshaw Plaza in Los Angeles in 2023.

Florida

AmeriCantaro/Adobe macy's department store
  • Governor’s Square — Tallahassee, Florida

Florida made the store-closing list this year, with its only Tallahassee location shutting down.

The retailer will have 40 stores in the Sunshine State after the closure.

Hawaii

Eric BVD/Adobe macy's store in honolulu
  • Kukui Grove Center — Lihue, Hawaii

The location in Lihue isn’t the first Macy’s to close in Hawaii.

The retailer closed its location in Kaneohe after over 40 years at Windward Mall. The move will leave eight Macy’s locations in Hawaii, including its three in Honolulu.

Virginia

Refrina/Adobe macy's department store manassas
  • Ballston Quarter — Arlington, Virginia

Macy’s may have chosen to shut down this location due to redundancy in the area, as Arlington currently has two Macy’s locations.

Last year, the retailer closed another location in the region when it shut down a store in Gaithersburg, Maryland.

Additional employee cuts at Macy’s

zhu difeng/Adobe interior of modern shopping mall

Workers at the closing Macy’s locations aren’t the only ones losing their jobs with the retailer.

Last month, Macy’s announced it was cutting 2,350 positions, or around 3.5% of its workforce, as part of its downsizing efforts.

The move is meant to speed up decision-making by eliminating layers of management. Macy’s will eliminate additional positions in favor of automation and outsourcing.

Macy’s isn’t alone with layoffs

Dragana Gordic/Adobe desperate stressed businesswoman

Several other consumer retailers have also announced layoffs in 2024.

Wayfair laid off more than 1,000 employees earlier this year, while Rent the Runway laid off 10% of its workforce in January.

Layoffs also recently hit the beauty sector. In February, Estée Lauder announced it would cut 3% to 5% of its workforce. The brand is available at Macy’s store locations and on Macy’s website.

New opportunities

MichaelVi/Adobe macy's sign on flagship store

On the other hand, there are some positive changes for Macy’s shoppers in the future.

Last year, the company announced that it planned to build around 30 new U.S. locations with a smaller real estate footprint.

The locations will be slimmed-down versions of Macy’s, and shoppers will be able to find them in strip malls across the country. So, visiting your local mall might soon be a smart shopping hack if you want to shop at Macy’s.

Bottom line

Sandu/Adobe accountant with paper and calculator

If a Macy’s near you is closing, it could make it harder for you to get what you want. However, it could also help you get ahead financially.

Use this opportunity to see if you can find ways to save money by cutting down on the types of purchases you used to make at your local Macy’s.

Discover®️ Cashback Checking Benefits

  • Earn 1% cash back on up to $3,000 in debit card purchases each month1
  • No minimum deposit, no minimum balance, and no account fees
  • Access your paycheck up to 2 days early with Early Pay
  • 60K+ fee-free ATMs and make cash deposits at Walmart stores nationwide

Author Details

Jenny Cohen Jenny Cohen is a freelance writer who has covered a bit of everything, from finance to sports to her favorite TV shows. Her work has been featured in The Wall Street Journal, USA Today, and FoxSports.com.

Want to learn how to make an extra $200?

Get proven ways to earn extra cash from your phone, computer, & more with Extra.

You will receive emails from FinanceBuzz.com. Unsubscribe at any time. Privacy Policy

  • Vetted side hustles
  • Exclusive offers to save money daily
  • Expert tips to help manage and escape debt