Here are the 31 Macy’s stores in 19 states closing so far

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Macy’s Inc. is undergoing a business transformation that includes thousands of job cuts and 125 store closures over the next three years. About 30 of the stores have already been designated to be closed.

This three-year “Polaris strategy” aims to streamline the department store retailer’s fleet of stores in favor of those that have undergone the “Growth treatment,” a revamp that includes store remodels and technology improvements.

Read: Macy’s stores at risk of closing drive an average of 80% less sales than ‘Growth’ stores: JPMorgan

“It’s sad for the communities that now have a lot of empty real estate in their malls, the landlords stuck with those malls and the employees who will lose their jobs,” said Sucharita Kodali, principal analyst at Forrester.

Still, she thinks the downsizing is the right thing for Macy’s: “Half of revenue only comes from 150 ‘magnet’ stores so it’s doing what it needs to do.”

Macy’s had a total 871 stores as of the end of the third quarter of 2019 ended in October, made up of 636 Macy’s stores, 171 Bluemercury stores, 37 Bloomingdale’s stores, 19 Bloomingdale’s The Outlet stores and 7 Backstage stores.

Bank of America analysts say the Polaris program, which sounds like a dramatic shift, could actually end up being conservative if it goes according to plan.

“However, we worry about execution risks, especially with the number of customer-facing initiatives taking place in a short period,” analysts wrote.

Bank of America rates Macy’s stock underperform with a $12 price objective.

Here’s a list of the stores that are set to close this year:

State City Venue
California Antioch Somersville Towne Center
California San Diego Horton Plaza Park
Connecticut Meriden Westfield Meriden
Florida Miami The Falls Mall (Bloomingdale’s)
Florida Pompano Beach Pompano Citi Centre
Florida Sanford Seminole Towne Center
Florida Vero Beach Indian River Mall
Georgia Decatur The Gallery at South DeKalb
Georgia Macon Macon Mall
Hawaii Waikoloa Village Kings’ Shops
Idaho Lewiston Lewiston Center Mall
Illinois Carbondale University Mall
Illinois West Dundee Spring Hill Mall
Indiana Muncie Muncie Mall
Kansas Prairie Village N/A
Kentucky Owensboro Towne Square Mall
Maryland Salisbury The Centre at Salisbury
Massachusetts Leominster The Mall at Whitney Field
Montana Helena Helena Northside Center
New York Commack N/A
New York Hicksville Broadway Commons
North Carolina Winston-Salem Hanes Mall
Ohio Cincinnati Northgate Mall
Ohio St. Clairsville Ohio Valley Mall
Ohio Stow Stow-Kent Plaza
Pennsylvania Harrisburg Harrisburg East Mall
Pennsylvania State College Nittany Mall
Tennessee Goodlettsville RiverGate Mall
Washington Burlington Cascade Mall
Washington Seattle (Downtown)
Washington Walla Walla (Downtown)
Macy’s Inc., The Wall Street Journal

Macy’s stock has tumbled 33% over the past 12 months through morning trading Thursday, while the SPDR S&P Retail exchange-traded fund XRT, -0.36%  has edged up 0.3% and the S&P 500 index SPX, +0.25%  has climbed 22%.

–Tomi Kilgore contributed to this report.