In a surprising turn of events, the popular retail brand Macy’s has announced that it will be closing 65 stores in the coming weeks. The 1858-founded store chain is particularly known for harboring a wide collection of fashion,

Macy's revealed the news during a Q3 earnings call, which had been delayed after an employee was accused of hiding $151 million.

Macy's said it will close 65 stores this year, an increase from the 50 locations it previously announced it would shutter by the end of the fiscal year. The closures are part of its plan to eliminate roughly 150 underperforming stores over the next three years.