Two nostalgic yet beleaguered Bay Area Macy's locations, along with dozens of others throughout the country, are slated to close.

Macy's aims to close 150 "underproductive" stores over three years, while investing in the 350 locations it has deemed worth continuing to operate as part of its "Bold New Chapter

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.