Macy's is closing 66 stores as part of its "A Bold New Chapter" plan with liquidation sales set to start in January, the retailer confirmed to Axios Thursday. Why it matters: The struggling department store chain is getting smaller as it continues to deal with declining sales.

Macy's released a list of 66 of the "underproductive" stores it is closing. The retailer plans to close about 150 in its revitalization plan.

Roughly 150 Macy's stores will close over the next three years, with these first 66 closures affecting dozens of states in 2025.

In all, 64 Macy's stores in several states, including Florida, New York, California, and Pennsylvania, are set to close, according to a listing of online closures. Most stores are expected to close in the first three months of 2025. The list of closings can be found here.

Macy’s is planning on closing 66 store locations, including several in the tri-state area. The Macy’s locations include three on Long Island, two in Brooklyn, one in The Bronx and one in New Jersey. The company said it is closing the stores due to underproduction and to focus their resources elsewhere.

The company said the closures of another 66 stores just announced are part of a strategy announced a year ago, designed to return the company to sustainable, profitable sales growth.

The Macy’s location in the Oak Court Mall in East Memphis will close, one of 66 Macy’s stores closing around the country. The department store chain made the announcement Thursday. In early 2024, Macy’s said it would be closing underperforming stores as part of a new strategy.