PhotoRetail giant Macy's has identified 36 more stores it will close early this year as more retail sales move online.

Macy's closed four stores in 2015 and the addition of this year's closures will eliminate about 3,000 jobs nationwide. The closing stores represent about $375 million in sales.

The company said the cost-cutting measures will reduce expenses by about $400 million.

“In light of our disappointing 2015 sales and earnings performance, we are making adjustments to become more efficient and productive in our operations,” said Macy's CEO Terry Lundgren.

The disappointing 2015 sales were made worse by a lackluster holiday shopping season, when traditional brick-and-mortar retailers like Macy's saw a large chunk of their business shift to online channels.

The Amazon threat

Just to underscore that shift, reported final sales numbers for Cyber Monday this week, showing independent sellers using Amazon fulfillment shipped 23 million items, a 40% increase over last year.

It shows that traditional retailers not only face competition from large competitors, but small ones who are part of a larger retail network.

Macy's meanwhile, may be embarking on a new strategy to defend itself against a disruptive marketplace. Lundgren suggests that beyond cost-cutting, the moves could be aimed at restructuring its business model.

“In some cases, there will be short-term pain as we tighten our belt and realign our resources,” he said. “But our eye is on a long-term vision of Macy’s, Inc. as a dynamic retailer that serves existing customers and acquires new ones through innovative approaches to the marketplace.”

Targeted stores

To get there, Macy's has announced the following stores have been targeted for closing in the first half of 2016:

  • Irvine Spectrum, Irvine, CA (140,000 square feet; opened in 2002; 112 associates);

  • Country Club Plaza, Sacramento, CA (165,000 square feet; opened in 1961; 111 associates);

  • Westfield Century City, Los Angeles, CA (136,000 square feet; opened in 1976; 108 associates). Note that this store will be closed in January 2016 and replaced with a new, larger store to open in this same shopping center in spring 2017;

  • Enfield Square main store, Enfield, CT (166,000 square feet; opened in 1971; 84 associates);

  • Enfield Square furniture/home/men’s store, Enfield, CT (76,000 square feet; opened in 1971; 20 associates);

  • North DeKalb Mall, Decatur, GA (190,000 square feet; opened in 1965; 89 associates);

  • Kailua, HI (59,000 square feet; opened in 1946; 57 associates);

  • Palouse Mall, Moscow, ID (41,000 square feet; opened in 1979; 47 associates);

  • Northwoods Mall, Peoria, IL (165,000 square feet; opened in 1985; 62 associates);

  • Cortana Mall, Baton Rouge, LA (243,000 square feet; opened in 1976; 108 associates);

  • Valley Mall, Hagerstown, MD (120,000 square feet; opened in 1999; 59 associates);

  • Berkshire Mall, Lanesborough, MA (111,000 square feet; opened in 1994; 58 associates);

  • Eastfield Mall, Springfield, MA (127,000 square feet; opened in 1994; 71 associates);

  • The Shoppes at Stadium, Columbia, MO (140,000 square feet; opened in 2003; 81 associates);

  • Middlesex Mall, South Plainfield, NJ (81,000 square feet; opened in 1976; 69 associates);

  • McKinley Mall main store, Buffalo, NY (88,000 square feet; opened in 1989; 65 associates);

  • McKinley Mall home store, Buffalo, NY (31,000 Square feet; opened in 1989; 10 associates);

  • Arnot Mall, Horsehead, NY (120,000 square feet; opened in 1995; 79 associates);

  • Hudson Valley Mall, Kingston, NY (121,000 square feet; opened in 1995; 72 associates);

  • Eastern Hills Mall, Williamsville, NY (127,000 square feet; opened in 1971; 80 associates);

  • Cary Towne Center, Cary, NC (107,000 square feet; opened in 1991; 63 associates);

  • Chapel Hill Mall, Akron, OH (169,000 square feet; opened in 1967; 91 associates);

  • Midway Mall, Elyria, OH (105,000 square feet; opened in 1990; 64 associates);

  • Quail Springs Mall, Oklahoma City, OK (146,000 square feet; opened in 1986; 87 associates);

  • Pony Village Mall, North Bend, OR (41,000 square feet; opened in 1980; 54 associates);

  • Roseburg Valley Mall, Roseburg, OR (40,000 square feet; opened in 1980; 59 associates);

  • Suburban Square, Ardmore, PA (102,000 square feet; opened in 1930; 74 associates);

  • Century III Mall, West Mifflin, PA (173,000 square feet; opened in 1979; 101 associates);

  • Ridgmar Mall, Ft. Worth, TX (181,000 square feet; opened in 1998; 92 associates);

  • Chesapeake Square, Chesapeake, VA (95,000 square feet; opened in 1999; 69 associates);

  • Virginia Center Commons, Glen Allen, VA (110,000 square feet; opened in 1993; 81 associates);

  • Peninsula Town Center, Hampton, VA (173,000 square feet; opened in 1977; 109 associates);

  • Military Circle Mall, Norfolk, VA (153,000 square feet; opened in 1976; 95 associates);

  • Regency Square main store, Richmond, VA (100,000 square feet; opened in 1990; 100 associates);

  • Regency Square furniture/home/men’s store, Richmond, VA (124,000 square feet; opened in 1990; 35 associates);

  • Downtown Spokane, Spokane, WA (374,000 square feet; opened in 1947; 94 associates).

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