Macy’s is closing 65 stores in fiscal year 2024 alone, according to the company’s latest quarterly earnings report. The closures are part of the department store chain’s plan to shutter 150 stores by 2026, which the company announced during second-quarter earnings call on Aug. 21.

In ‘a very difficult business,’ retail store closings typically signal more about an individual company than the industry overall, one analyst says.

Macy's plans to close dozens of stores after the holidays and Family Dollar was hard hit with hundreds of closures in the U.S.

A 69 percent surge in closure announcements makes 2024 the worst year since before the pandemic for retail shuttings.

Forty five retailers filed for bankruptcy protection this year in comparison to last year, when 25 retail bankruptcies occurred.