Macy’s will close 14 department stores across 12 states this year, according to an internal memo from the company's CEO.

The department store chain continues to reduce its physical footprint as part of a ‘Bold New Chapter.’ Shares have risen 48% over the last 12 months.

Macy’s remains one of America’s go-to destinations for holiday gifts, seasonal décor, fashion, and quick shopping runs during the busiest time of the year. Whether you’re shopping in a major city, a ...