If your store is on the closure list, these dates matter right now
Macy’s is closing 150 stores by January 2027. That means 66 closed in 2025, roughly 14 more in 2026, and additional closures through early 2027. If your store is on that list, or if you think it might be, the fiscal calendar is not just an HR detail. It drives when layoff notices go out, when your benefits end, when your final paycheck must arrive, and how your W-2 gets handled.
Even if your store is staying open, understanding the Macy’s fiscal calendar helps you plan around benefits enrollment, the seasonal hiring and layoff cycle, and the biweekly pay schedule that covers all Macy’s, Bloomingdale’s, and Bluemercury employees.
Are you staying, leaving, or seasonal?
If your store is staying open: Your fiscal calendar deadlines are standard. Benefits enrollment happens in the fall. Pay continues biweekly on Fridays through My Insite. Performance reviews follow the fiscal year. Read the full timeline below.
If your store is closing: Watch for official notification from your store manager or district HR. Macy’s typically provides 60 days’ notice per WARN Act requirements, though seasonal and part-time workers sometimes report shorter notice. Your benefits continue until your official separation date. After separation, W-2 access moves to TheWorkNumber.com. See the Macy’s benefits after termination page and the Macy’s final paycheck laws page for state-specific rules.
If you are a seasonal worker: Macy’s hires heavily for Q4 (holiday season) and lets most seasonal workers go in January or February. Your access to My Insite may be cut off quickly. Download or screenshot your pay stubs before your access ends. The Macy’s W-2 former employees page explains how to get your W-2 through TheWorkNumber.com after separation.
Macy’s fiscal year timeline
Macy’s fiscal year ends on the Saturday closest to January 31. FY2025 ended February 1, 2025. FY2026 runs through approximately January 31, 2026. FY2027 started around February 1, 2026 and will end in late January 2027.
Here is how the fiscal year breaks down by quarter:
Q1 (February – April 2026): New fiscal year begins. Benefits elections from fall enrollment take effect. Post-holiday returns wind down. Seasonal layoffs finalize. Annual performance reviews for full-time associates process during this quarter.
Q2 (May – July 2026): Mid-year period. Lighter foot traffic compared to Q4. Store-level restructuring decisions often happen here, including department consolidations and staffing adjustments. If your store is being evaluated for closure, internal decisions typically happen during Q2 before public announcements.
Q3 (August – October 2026): Open enrollment for next year’s benefits. Back-to-school shopping picks up in August. Early holiday inventory arrives in October. Seasonal hiring begins for Q4.
Q4 (November 2026 – January 2027): Biggest quarter. Thanksgiving, Black Friday, Christmas, and post-holiday clearance. Macy’s Thanksgiving Day Parade generates massive brand visibility. Seasonal workers are onboarded. This quarter generates the largest share of annual revenue and is when store performance is most closely tracked against fiscal targets.
Macy’s biweekly pay schedule
Macy’s pays all associates biweekly, with paychecks arriving on Fridays. That produces 26 paychecks per year. Macy’s also offers Payactiv, which lets you access up to 50% of earned wages before payday.
Pay stubs, schedules (through MyDay), and W-2s are all available through My Insite at hr.macys.net/insite/. You can also reach it through Employee Connection at employeeconnection.net. Your Employee ID is your login credential. If you are locked out, use the password manager at pwr.macys.net (Employee ID + last 4 SSN). For a full login walkthrough, see the Macy’s login portals page.
One important note: two months each year will include three paychecks instead of two. Some associates also use the Macy’s Discount Mall for deals on non-Macy’s brands, but that is separate from the fiscal calendar and payroll systems.
Key deadlines on the Macy’s fiscal calendar
Fall (September – October): Open enrollment for benefits. Changes take effect in February at the start of the next fiscal year.
December: Extra employee discount events (periodic 30% total discount). Holiday cash crunch for seasonal workers.
Late January/early February: Fiscal year ends. Seasonal workers separated. Annual performance data closes.
January 31: W-2 delivery deadline. Current associates access through My Insite under Resources, then W2 Online. Former associates use TheWorkNumber.com. The Macy’s W-2 page has access steps for both.
Spring: Merit increases process. Flexible time-off balances may adjust. This is also when retained seasonal workers officially convert to regular status if their store kept them on.
How Macy’s biweekly pay affects your budget
With 26 paychecks per year, two months will include three pay periods instead of two. For Macy’s associates who are paid on the lower end (the average hourly rate is around $14.68), those three-paycheck months can make a real difference. Mark them on your calendar at the start of the year.
Macy’s also partners with Payactiv, which lets you access up to 50% of earned wages before your official payday. This is especially useful during the holiday season when expenses tend to spike. Payactiv transfers are available through the My Insite portal or the Payactiv mobile app.
The employee discount and the fiscal calendar
The Macy’s employee discount is 20% off most items and 10% off electronics, furniture, mattresses, and rugs. Periodic events bump that to 30%. The discount works across all three Macy’s Inc. brands (Macy’s, Bloomingdale’s, and Bluemercury) and at all outlets and online.
One thing that trips people up: you must use a Macy’s credit card or prepaid card to get the discount. You cannot pay with cash or a personal debit card and receive the employee pricing. This is one of the most common complaints from Macy’s associates.
The discount does not change based on the fiscal calendar, but it does end on your separation date if your store closes or you are let go. There is no grace period. See the Macy’s employee discounts page for complete rules.
What the store closures mean for the fiscal calendar
Macy’s “Bold New Chapter” restructuring means the company is actively shrinking. Store closures are announced during fiscal quarters, typically with a 60-day lead time. If your store is on the closure list, your fiscal calendar effectively has an end date.
Before your store closes, make sure you have: downloaded all pay stubs from My Insite, confirmed your personal email is on file for W-2 delivery, reviewed your benefits termination timeline, and checked your state’s final paycheck law. The Macy’s quitting process page covers voluntary separations, and the Macy’s HR contact guide has the right numbers for payroll disputes and benefits questions. The main credit customer service line is 1-877-493-9207.
For everything else about working at Macy’s, visit the Macy’s employee resource hub.