The move is part of a plan announced by Macy's in February, before the coronavirus pandemic began, to close 125 locations by 2023. At the time, Macy's said it would also cut roughly 2,000 corporate jobs and close several offices, including one of its headquarters.

"As previously announced, Macy’s, Inc. is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls," a Macy's spokesperson told FOX Business in a statement. "To that end, we announced several store closures today that align to the guidance we provided in February 2020. These closures bring us closer to achieving the right mix of mall-based stores."

Macy's will provide a list of the store locations closing on its website on Wednesday.