Macy's adds to list of store closures, says it will close 65 this year

Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to eliminate roughly 150 underperforming stores over the next three years.

The department store chain made the update public in its third quarter earnings call Wednesday.

"We now expect to close roughly 65 locations this year," Macy's CEO Tony Spring said on the call. "In line with our typical cadence, closures will occur post holiday.