"Digital performance is stronger in the markets where we have stores." Macy's is also undergoing a review of its business with consulting firm AlixPartners amid pressure from activist investor Jana Partners to split Macy's stores from its e-commerce arm. Last January, Macy's had announced a list of dozens of department store locations to be closed as part of its three-year plan. But the pace of closures is slowing as the company operates a leaner portfolio of stores today. It has 516 full-line Macy's department stores, according to its website.