Macy’s, Kohl’s to shut stores as part of plan targeting underperforming locations

Macy’s and Kohl’s are closing one store each in Colorado as part of the department store chains’ plans to dump underperforming stores this year.

Macy’s released a list Thursday of 66 closures that includes the store at the Northfield Stapleton shopping center in Denver. The company said the majority of the locations on the list will be shut during the first quarter.

Macy’s earlier closed the Streets at Southglenn Furniture store in Centennial.

Kohl’s disclosed Thursday which 27 of its roughly 1,150 locations nationally it will shutter. The Kohl’s at the Arapahoe Crossing mall in Aurora is on the list.

Both companies are targeting underperforming stores. Macy’s said the closures are part of its “Bold New Chapter strategy” announced in February 2024. Company officials said the goal is to create a more modern Macy’s. They plan to invest more in better-performing stores.

Kohl’s CEO Tom Kingsbury said in a statement that as the company builds on its long-term growth strategy, “it is important that we also take difficult but necessary actions to support the health and future of our business for our customers and our teams.”