Macy's divulged the retail information about the closure of 100 stores next year and boost its online investments, as it tries to become more nimble in an increasingly fierce market.

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The closure represents close to 14 percent of its stores under the Macy's brand.This retail information was expected as Macy's had been a stellar performer since the Great Recession in 2008, but in the past year and a half has seen slowing sales as it battles competition on all fronts and changing shopping patterns.

Macy's has been under pressure from investors to sell some of its valuable real estate.One of the largest retailer earned $11 million, or 3 cents per share, in the quarter ended July 30 that compares with $217 million, or 64 cents per share, a year earlier.