Macy’s has announced that more fast track stores will close earlier than planned.

According to the company’s third-quarter earnings report, the department store chain plans to close about 15 more locations after the holiday season, an increase from the 50 closures previously announced. For the full third quarter of 2024, the company reported net sales of $4.7 billion, a decrease of 2.4% compared to third quarter 2023 sales.

“We now expect to close approximately 65 locations this year,” Macy’s CEO Tony Spring said on the earnings call. “In our typical rhythm, there will be closures after the holidays.”

As part of the chain’s Bold New Chapter initiative, which aims to make the company more profitable, the company will close the underperforming stores.

While Spring said the expected total number of stores to close is 150, he warned that the company will update the numbers next year.

Spring said the closures occurred because “the economic situation was not favorable.” Adding: “These are places where customers have shifted from these centers to shop.”

Macy’s did not say which of its 479 stores would close. New Jersey currently has 28 branches throughout the state:

Macy’s will close all U.S. stores on Christmas Day, December 25, 2024.

This article originally appeared on NorthJersey.com: Macy’s is closing more stores. How many are there in New Jersey?