Macy’s said it will close around 150 “underproductive” stores through 2026 as part of a plan to “accelerate our path to market share gains, sustainable, profitable growth and value creation for our shareholders.”

The figure, representing around a third of Macy’s U.S. stores, will bring the company’s store count down to around 350 stores.

Approximately 50 stores will close by the end of the fiscal year, Macy’s said.