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By Lauren Thomas, CNBC • Updated on January 6, 2021 at 12:54 pm Bruce Leighty | Photolibrary | Getty Images Macy s is closing dozens of department stores this year. The closures are part of a previously announced plan by Macy s to shut 125 locations by 2023, which the retailer outlined last February. department stores this year, in a bid to move out of underperforming malls and trim a real estate empire that isn t as valued as it once was. Liquidation sales have already started at some of the locations that are closing. The rest are slated to start later this month. (See a full list of the closing stores and recently closed locations below.) In 2020, Macy s closed about 30 locations. ....
By Valerie Hernandez Jan 7, 2021 Many businesses have been affected by the coronavirus pandemic and Macy s just announced that more locations will close this year. Macy s notified the employees at about 45 of its department stores that they will close by the middle of this year. The store closures are part of Macy s previously announced plan to shut down 125 locations by 2023. A spokeswoman told CNBC in a statement, “As previously announced, Macy’s is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls. To that end, we announced several store closures today that align to the guidance we provided in February 2020. These closures bring us closer to achieving the right mix of mall-based stores.” ....
Reply (David Allen/Patch) FEDERAL WAY, WA Macy s has announced that they will be closing 36 stores by the end of the first quarter, including the Commons at Federal Way. The closure is part of a broader move by Macy s to close 125 locations over a three-year period, according to USA Today. The move represents about a fifth of Macy s remaining stores. Already Macy s closed 30 stores last year as part of the three-year plan. As USA Today reports, this week Macy s named several dozen stores which will be closing by April 30. That list includes the Federal Way store. The only other store closing in Washington is in Northtown near Spokane. ....
By Valerie Hernandez Jan 7, 2021 Many businesses have been affected by the coronavirus pandemic and Macy s just announced that more locations will close this year. Macy s notified the employees at about 45 of its department stores that they will close by the middle of this year. The store closures are part of Macy s previously announced plan to shut down 125 locations by 2023. A spokeswoman told CNBC in a statement, “As previously announced, Macy’s is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls. To that end, we announced several store closures today that align to the guidance we provided in February 2020. These closures bring us closer to achieving the right mix of mall-based stores.” ....
By Valerie Hernandez Jan 7, 2021 Many businesses have been affected by the coronavirus pandemic and Macy s just announced that more locations will close this year. Macy s notified the employees at about 45 of its department stores that they will close by the middle of this year. The store closures are part of Macy s previously announced plan to shut down 125 locations by 2023. A spokeswoman told CNBC in a statement, “As previously announced, Macy’s is committed to rightsizing our store fleet by concentrating our existing retail locations in desirable and well-trafficked A and B malls. To that end, we announced several store closures today that align to the guidance we provided in February 2020. These closures bring us closer to achieving the right mix of mall-based stores.” ....