The New York-Cincinnati-based retailer announced on Thursday the action is part of an annual process to maintain a healthy portfolio by eliminating some low performing locations.
No Texas stores are on the list, which includes two each from Colorado and Pennsylvania and several other states.
Terry Lundgren, chairman and chief executive officer of Macy’s Inc., said this was “the most challenging economic environment in memory.”
Lundgren said Macy’s long-term plan is a combination of adding new stores while closing the under-performing ones.
Macy’s does not break down sales by stores or regions. But company wide, the numbers were not good. For the holiday shopping season, comparing 2008 with 2007, sales are down 4.7 percent, on a same-store basis. December sales alone were down 4 percent, and for the combined November-December period down 7.5 percent.
