Retailers to shutter nearly 20 underperforming locations as part of a national downsizing strategy in the industry.

Macy’s Inc. has confirmed plans to close two more Bay Area locations as part of a larger strategy to streamline its operations and focus on more profitable stores. The retailer said Thursday that the closures are part of a nationwide effort to shut down 66 underperforming stores,

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

Overall, Macy’s said it plans to close approximately 150 "underproductive stores" through 2026 – including stores in Los Angeles, San Mateo and elsewhere across the state. Meanwhile, it will invest in 350 existing stores, with plans to add more salespeople to fitting areas and shoe departments, and adding more visual displays like mannequins.

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

The department store Macy's this week announced 66 location closures, part of a larger plan to shutter 150 locations by 2027. Kohl's announced the closure of 10 stores in California.

Kohl's says it plans to close 27 of its more than 1,150 locations by April. The 66 locations Macy's announced are among the 150 it's closing as part of its "Bold New Chapter" initiative "designed to return the company to sustainable, profitable sales growth."