With 34 more closures announced by the company, the Macy's located at the Monmouth Mall in Eatontown faces an uncertain future.
These closures are in addition to the 66 stores the company previously said it would close last year.
"In fiscal 2016, the company opened 27 stores and closed 66 stores, all as previously announced," a press release from the company states. "Macy's, Inc. plans to close an additional approximately 34 stores over the next few years for a total of approximately 100 stores.
Macy's has not yet announced in its department store located at the Monmouth Mall will be part of the closures, which are aimed at restoring the retailer to profitability.
"Sales in fiscal 2016 totaled $25.778 billion, down 4.8 percent from total sales of $27.079 billion in fiscal 2015," according to the release.