Macy's To Close 10 Stores Next Month. Will NJ Be Included?

NEW JERSEY — Macy's department store announced this November it will close 10 stores nationwide in January 2022, according to CNBC. These 10 stores are part of the 125 Macy's stores total the company already announced it plans to shutter by 2023. 65 of those stores already closed.

In 2017, Macy's closed three stores in New Jersey, in Wayne (at the Preakness Shopping Center), Moorestown and Voorhees. However, since then, all New Jersey Macy's have been able to stay off the chopping block.

That remains to be seen whether that will hold true in the new year as big-box giant has not yet said where the 10 stores slated to be shuttered are located.

However, Macy's also said it is reconsidering when it will close the remaining 60 stores, as the company said it is noticing that online sales do better in areas where there is a physical Macy's store.

“The delayed closure of certain stores allows us to maintain a physical presence in the market, which is critical to our top line growth,” said Macy's Chief Financial Officer Adrian Mitchell, according to CNBC. “Digital performance is stronger in the markets where we have stores.”

There are currently 24 remaining Macy's locations in New Jersey.

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