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 unveiled for the first time which 150 stores will be shuttered over the next three years. The closures are just the first step in the retailer’s so-called “Bold New Chapter” strategy, which it hopes will “return the company to sustainable,

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 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 Macy's locations in downtown Sacramento and Citrus Heights are two of the 66 locations it plans to close across the country in 2025. The closures come as the department store chain plans to eliminate roughly 150 underperforming stores over the next three years.

Macy's announced it would be closing dozens of "underproductive" stores across the nation last year. George W. Bush gave fellow former president Barack Obama a friendly belly tap at the Jan. 9 funeral of Jimmy Carter,