Macy’s has been a long-time staple in the retail industry, along with other stores like Dillard’s and Marshall Fields. However, Macy’s has announced that the store is cutting nearly 5,000 jobs and closing at least 36 stores, as reported by CBS News.
After an abysmal holiday selling season for Macy’s, it was decided that the profit hopes would be dimmed, reports CBS News.
Therefore, a new press release from Macy’s lists the 36 stores that they plan to close. Oddly enough, other new Macy’s locations will open. The list begins with Macy’s stores from California, and continues through to list the number of Macy’s associates that work at the particular Macy’s location listed. It also gives details about when that particular Macy’s location opened, as well as the square footage of the Macy’s retail store and other details. For the complete list of closing Macy’s stores, see the Macy’s press release, along with information about new Macy’s stores that Macy’s is planning to open.
Irvine Spectrum, Irvine, CA (140,000 square feet; opened in 2002; 112 associates);
Country Club Plaza, Sacramento, CA (165,000 square feet; opened in 1961; 111 associates);
Westfield Century City, Los Angeles, CA (136,000 square feet; opened in 1976; 108 associates). Note that this store will be closed in January 2016 and replaced with a new, larger store to open in this same shopping center in spring 2017;
Enfield Square main store, Enfield, CT (166,000 square feet; opened in 1971; 84 associates);
Enfield Square furniture/home/men’s store, Enfield, CT (76,000 square feet; opened in 1971; 20 associates);
North DeKalb Mall, Decatur, GA (190,000 square feet; opened in 1965; 89 associates);
Kailua, HI (59,000 square feet; opened in 1946; 57 associates);
Palouse Mall, Moscow, ID (41,000 square feet; opened in 1979; 47 associates);
Northwoods Mall, Peoria, IL (165,000 square feet; opened in 1985; 62 associates);
Cortana Mall, Baton Rouge, LA (243,000 square feet; opened in 1976; 108 associates);
Valley Mall, Hagerstown, MD (120,000 square feet; opened in 1999; 59 associates);
Macy’s is so well known and has been around for so long that file photos show the happenings of a Macy’s Thanksgiving Day Parade in New York City way back on November 28, 1929. The popular parade that is still seen on TV today was first known as the Macy’s Christmas Parade. The Macy’s Thanksgiving Day parade that has become an annual popular event that showcases huge floats and balloons began in 1924.
Macy’s is not only known for their Thanksgiving Day parade and their retail fare, but also for staging events like the above-pictured Macy’s National Believe Day, benefiting Make-A-Wish — held at Macy’s Downtown Seattle.
— Macy's (@Macys) January 7, 2016
However, most consumers are probably interested in the sales that Macy’s will dish out during their Macy’s final clearance sales at the closing Macy’s stores. Macy’s reports that the closing Macy’s stores on the list will start having final clearance sales as early as Monday, January 11. Those Macy’s final clearance sales will last as long as eight to 12 weeks, likely depending on how long the sale items remain on the shelves in Macy’s stores, or how fast savvy shoppers snap up the discounted items.
Macy’s locations at Westfield Century City, North DeKalb Mall, and Roseburg Valley Mall already have their final clearance sales underway. Macy’s reported that sales dropped by 5.2 percent in November and December.
Macy’s blamed the warm weather for the loss of sales of boots, coats, and other winter gear. Online retail giants like Amazon are also a threat to old-hat establishments like Macy’s. Shoppers are also spending more funds on dining out and relaxing treats like spas instead of clothes. When they do shop, many times consumers will skip Macy’s for places like T.J. Maxx.
The updated Macy’s list shows stores closing in the near future, and some Macy’s locations that are opening.
— USA TODAY (@USATODAY) January 7, 2016
(Stephen Brashear/AP Images for Macy’s)