The 150 store locations that have been identified for the shutdown represented 25 percent of Macy's Inc. FY23 gross square footage, but only 10 percent of its sales. By closing these non-go-forward stores, the company expects $500M to $650M USD in sales proceeds and asset sale gains of about $250M to $350M USD. These big numbers could easily fuel the investments the company is looking to make in its other stores.