Macy's released a list of 66 of the "underproductive" stores it is closing. The retailer plans to close about 150 in its revitalization plan.

Macy's is closing 66 stores as part of its "A Bold New Chapter" plan with liquidation sales set to start in January, the retailer confirmed to Axios Thursday. Why it matters: The struggling department store chain is getting smaller as it continues to deal with declining sales.

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