Macy's department stores will be closing 45 stores across the U.S.
The retail giant said the closures are part of a plan to close one-fifth of their stores by 2023.
According to Business Insider, Macy's also announced that it would cut 2,000 corporate jobs.
Liquidation sales have already begun at some locations, while others will begin by the end of the month.
Macy's said they will release a list of locations on Wednesday that will be closing this year.