The retail giant Macy's is shutting down 10 stores in New York and New Jersey this year, calling it a turnaround strategy.

The company did not say when the Kingston Macy's would close, and a manager at the location said staff had not been given a closure date, but declined further comment.

Macy's said on Thursday that it plans to close 150 stores in 22 states throughout the country for underperformance as the company's next step in finding its way to profitability again.

The retail giant Macy's is shutting down 10 stores in New York and New Jersey this year, calling it a turnaround strategy. CBS News New York's John Dias has details on the company's decision.

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.

In the latest step in its revitalization effort, Macy's has named 66 of the 150 stores it plans to close in the next two years. The move is "designed to return the company to sustainable, profitable sales growth,

The company said it would shut down approximately 150 "underproductive" stores over a three-year period while investing in 350 continuing locations.

All 66 locations will begin clearance sales this month that will run for approximately eight to 12 weeks, according to Macy’s FAQ page. The post Macy’s store in Mass. among dozens closing across the U.

Macy's stores in Troy and Sterling Heights are scheduled to close this year as part of a company restructuring.

News that the Center City Philadelphia Macy's is closing quickly spurred questions among residents across the region: what would happen to the Eagle statue in the Grand Court? And what of the storied Wanamaker Organ,

With Macy’s closing its historic location in Center City, it’s unclear what the future holds for several beloved Philly holiday traditions. Macy’s opened its City Center location in the historic Wanamaker Building in 2006,