Macy's shoppers all have the same complaint as retail giant plans closure of 66 stores

Macy's promised large liquidation income arsenic it shuts 66 stores successful the coming weeks, but bargain hunters accidental the discounts aren't steep capable - informing others to 'not to bother' until prices driblet further.

Closures were announced astatine the commencement of January and income are acceptable to tally 8 to 12 weeks, depending connected the complaint of sell-through.

But shoppers connected Reddit are already strategizing, with galore readying to hold until the past infinitesimal to fastener successful deeper discounts. 

'There volition NOT beryllium immoderate deals astatine closing stores,' 1 Redditor claimed. 'The accustomed SALE prices astatine Macy are amended than liquidators prices. Also immoderate of the premium items volition beryllium removed earlier the merchantability starts.' 

Macy's has not yet responded to Daily Mail's petition for comment. 

Others said they mightiness browse liquidation income but won't perpetrate to buying unless the markdowns are steep enough. 

'Don't adjacent fuss buying unless it's 40 percent oregon more, I committedness you,' different Redditor added. 

Macy's said the closures of underperforming stores are cardinal to its future. 

Executives person laid retired 'A Bold New Chapter' for the company, a strategy that besides includes revamping merchandising, and doubling down connected its sister brands, Bloomingdale's and Bluemercury. 

But store closures aren't caller for the retailer. At its peak, Macy's operated much than 1,100 locations. 

Since 2008, that fig has been shrinking. By the clip the latest closures wraps successful 2026, lone 350 stores volition remain. 

The institution is inactive turning a nett but reported a 2.4 percent income diminution successful the 4th ending November 2024. 

'Macy's outlook is precise mixed,' retail adept Neil Saunders from GlobalData previously told Daily Mail. 'There is inactive a large dose of diminution successful the numbers, but the concatenation isn't astatine the bottommost of the section store league array – which is positive.' 

Saunders doesn't expect Macy's to reverse its income slump successful 2025. Tariff-driven terms hikes and lingering ostentation proceed to compression user spending. 

'Macy's mightiness beryllium struggling to make growth, but the radical is inactive generating nett and is successful the black,' helium added. 'As such, bankruptcy is not connected the cards.' 

Brick-and-mortar retailers person been shuttering stores successful droves, arsenic customers flock to online buying and transportation models. 

Shops crossed the U.S. reported thousands of closures by mid-2024. Economists expect the fig of store closures volition proceed to emergence this year. 

Department stores person been peculiarly hard-hit by closure announcements. 

Several Macy's competitors — including Neiman Marcus, J.C. Penney, and Century 21 — person each declared bankruptcy successful the past 5 years. 

Still, Macy's has faced unsocial issues since it has attempted to physique momentum into the future. 

The institution reported that 1 of its accountants attempted to fell $150 million after making an mistake connected a spreadsheet. 

The since-fired worker wasn't motivated by idiosyncratic oregon fiscal gain, the institution said. However, the probe into the erroneous fiscal statements forced the institution to postpone its past quarterly net call.