23. Macy’s

How Many Stores Closing: 4

Current Value of the Business: $4.33 billion*

Despite encountering a decline in sales and a series of store closures, Macy’s remains afloat, according to Market Realist. With net sales reaching $8.3 billion in the last quarter of 2022, Macy’s has demonstrated resilience in challenging times.

Macy’s saw a 4.6% sales dip compared to 2021 and is closing four of its flagship mall stores in Maryland, Hawaii, Colorado, and California. These are part of a strategic move to shutter 125 locations by the end of a three-year initiative to eliminate poorly performing stores.