Key Takeaways Macy's released an initial list of 66 "underperforming stores" it plans to close as part of a multi-year turnaround campaign, including its Philadelphia City Center and Downtown Brooklyn locations.

Macy’s on Thursday named 66 stores it plans to shutter this year through its "Bold New Chapter" initiative. The locations are spread across 22 states.

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.