Is Your Macy’s Store Closing? Here’s a List of 45 Stores That Are Shutting Down for Good
Dozens more Macy’s stores are slated to permanently shut down this year.
In an email to FN, a Macy’s spokesperson confirmed that 45 outposts are heading for the chopping block. The units were included in a list of previously announced closures as part of the company’s turnaround plan unveiled in February.
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“As previously announced, Macy’s Inc. is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls,” the spokesperson said. “These closures bring us closer to achieving the right mix of mall-based stores.”
During its investor meeting last year, the department store chain revealed plans to shutter 125 outposts over the course of three years as well as consolidate its headquarters in New York City in an effort to streamline its business. As part of the move, roughly 2,000 corporate jobs, or 9% of its workforce, were expected to be lost. Macy’s added that it would close its offices in San Francisco, downtown Cincinnati and Lorain, Ohio. It anticipated annual savings of $1.5 billion through the 2020 fiscal year.
Following the planned closures, Macy’s will operate about 400 locations across the country. It continues to make upgrades to its stores through a “growth treatment” that includes physical store improvements and investments in merchandising, technology, talent and local marketing.
What’s more, the retailer shared last year that it expects its top 250 units to account for 78% of sales by 2021. It has also debuted in certain markets its new small-format concept, Market by Macy’s, which spotlights locally made products and hosts community events like book signings and wine tastings, along with an in-store cafe.
In its most recent quarter, Macy’s recorded better-than-expected earnings and sales: For the three months ended Aug. 1, the chain posted an adjusted loss of $251 million, or a loss of 81 cents per share, compared with last year’s adjusted profits of $88 million, or earnings of 28 cents per share. Still, it was significantly better than market watchers’ forecasts for a loss of $1.77 per share. Q2 revenues were $3.56 billion, versus the prior year’s $5.55 billion, but also topped consensus bets of $3.47 billion in sales.
Here, FN lists the Macy’s stores that have recently closed or are shutting down for good.
Arizona
Paradise Valley
California
El Cajon Parkway
Hilltop
Monterey Furniture (closed in Q4 2020)
Bloomingdale’s store in Santa Monica
Connecticut
Brass Mill Center
Crystal Mall
Florida
Port Charlotte Town Center
Volusia Mall
Winter Haven (closed in Q4 2020)
Georgia
Greenbriar
Hawaii
Hyatt Regency (Maui)
Indiana
Grand Teton Mall
Illinois
Water Tower Place
Indiana
College Mall
Massachusetts
Cambridgeside (closed in Q4 2020)
Maryland
Marlow Heights
Missouri
Independence Center
Northpark Mall
West Park Mall
New York
Sangertown Square
White Plains Galleria
Ohio
Great Lakes Mall
Richland Mall
Tri-County Mall
Lima (scheduled to close in Q1 2021)
Oregon
Lloyd Center (closed in Q4 2020)
Tennessee
The Avenue Carriage Crossing
Old Hickory Mall
Texas
Golden Triangle
Post Oak Mall
Rivercenter
Rolling Oaks
Vista Ridge Mall
Utah
South Towne Center (scheduled to close in mid-year 2021)
Washington
Commons at Federal Way
Northtown
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