There is a battle of the haves and have-nots in the retail world going on right now. In some cases, the same company is battling itself.

That seems to be the case with Macy's. The iconic retailer announced in January that they would be cutting their workforce nationwide to offset some losses the brand had suffered, as well as new expenditures that had arisen.

Burdines And Macy's Unit Under One Name
Getty Images
loading...

Just a month later, Macy's has gone a step further. According to CNN, Macy's plans to close at least 150 stores nationwide by 2026. 50 of those store closures will come over the next several months as the company begins to focus their attention (and budget) on some of their better-performing brands.

Large Macy's stores are the cornerstone of many malls and shopping centers across the United States. That includes the Maine Mall, where Macy's two-floor department store is the pillar of an entire wing. Will it be one of the Macy's stores to be shuddered?

Google Maps
Google Maps
loading...

That will depend on performance and expense. As CNN reported, the 150 store closures will be determined by whether the store is underperforming compared to other Macy's locations and competitors in the area, as well as operational expenses to keep the store open with quality customer service.

Shoppers Flock To Stores For Black Friday Deals
Getty Images
loading...

If the Macy's in the Maine Mall doesn't close, it will definitely look different in the coming years. For the 350 Macy's locations the company plans to keep open, almost all of them will get a facelift to include brands and items shopping have been demanding for years.

Macys To Slash 7000 Jobs In Order To Cut Costs
Getty Images
loading...

The announcement on the first set of store closures is expected in the coming weeks.


9 Major Brands That Could Close Maine Stores in 2024

Changing retail habits and backlogged debt could cause several stores closures across Maine for these 9 major brands.

Gallery Credit: Joey

Read More: Stores That Used to Be at the Maine Mall

Here are some stores that used to exist at the Maine Mall in South Portland but now are there no longer.

Gallery Credit: Sean McKenna

More From 97.5 WOKQ