Macy's said on Thursday that it plans to close 150 stores in 22 states throughout the country for underperformance as the company's next step in finding its way to profitability again.

The department store Macy's this week announced 66 location closures, part of a larger plan to shutter 150 locations by 2027. Kohl's announced the closure of 10 stores in California.

The move is part of the department store chain’s plan to shutter 150 underperforming locations by the end of 2026.