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Macy’s expects $300 million from property sales in near term

Department store chain still targets $700 million from store-closure initiative
Macy's is revamping its store fleet. This location is at the North Point Mall in Atlanta. (Macy's)
Macy's is revamping its store fleet. This location is at the North Point Mall in Atlanta. (Macy's)
CoStar News
September 10, 2026 | 7:21 P.M.

Macy's said it expects to generate up to $300 million in cash proceeds from store-related real estate sales this fiscal year and beyond as part of its ongoing store-closure program.

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