Is Your Macy's Closing? (Department store chain to close 40 stores)

[mountaineer]

Is Your Macy’s Closing?
Macy’s has released the list of stores that will be closed
Macy’s plans to cut $400 million in annual costs by closing stores and cutting thousands of jobs, after what it called a “disappointing” performance in 2015.
Jan. 6, 2016 4:36 p.m. ET
Wall Street Journal

Macy’s Inc. is closing about 40 of its roughly 770 existing stores. The department-store chain, which had outlined plans to shut some stores in September, has now released the list of stores that will be closed. The retailer issued its plans after what it called “disappointing” sales and earnings performance in 2015. Four of the stores were recently closed and the remaining 36 will be shut early this year. See if your local store is on the list:

Macy’s Store Closings

Final clearance sales at the following Macy’s stores closing in early 2016 will begin on Monday, Jan. 11 and run for between eight to 12 weeks (with the exception of Westfield Century City, North DeKalb Mall and Roseburg Valley Mall, where final clearance sales are already in progress):

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);

Berkshire Mall, Lanesborough, MA (111,000 square feet; opened in 1994; 58 associates);

Eastfield Mall, Springfield, MA (127,000 square feet; opened in 1994; 71 associates);

The Shoppes at Stadium, Columbia, MO (140,000 square feet; opened in 2003; 81 associates);

Middlesex Mall, South Plainfield, NJ (81,000 square feet; opened in 1976; 69 associates);

McKinley Mall main store, Buffalo, NY (88,000 square feet; opened in 1989; 65 associates);

McKinley Mall home store, Buffalo, NY (31,000 Square feet; opened in 1989; 10 associates);

Arnot Mall, Horsehead, NY (120,000 square feet; opened in 1995; 79 associates);

Hudson Valley Mall, Kingston, NY (121,000 square feet; opened in 1995; 72 associates);

Eastern Hills Mall, Williamsville, NY (127,000 square feet; opened in 1971; 80 associates);

Cary Towne Center, Cary, NC (107,000 square feet; opened in 1991; 63 associates);

Chapel Hill Mall, Akron, OH (169,000 square feet; opened in 1967; 91 associates);

Midway Mall, Elyria, OH (105,000 square feet; opened in 1990; 64 associates);

Quail Springs Mall, Oklahoma City, OK (146,000 square feet; opened in 1986; 87 associates);

Pony Village Mall, North Bend, OR (41,000 square feet; opened in 1980; 54 associates);

Roseburg Valley Mall, Roseburg, OR (40,000 square feet; opened in 1980; 59 associates);

Suburban Square, Ardmore, PA (102,000 square feet; opened in 1930; 74 associates);

Century III Mall, West Mifflin, PA (173,000 square feet; opened in 1979; 101 associates);

Ridgmar Mall, Ft. Worth, TX (181,000 square feet; opened in 1998; 92 associates);

Chesapeake Square, Chesapeake, VA (95,000 square feet; opened in 1999; 69 associates);

Virginia Center Commons, Glen Allen, VA (110,000 square feet; opened in 1993; 81 associates);

Peninsula Town Center, Hampton, VA (173,000 square feet; opened in 1977; 109 associates);

Military Circle Mall, Norfolk, VA (153,000 square feet; opened in 1976; 95 associates);

Regency Square main store, Richmond, VA (100,000 square feet; opened in 1990; 100 associates);

Regency Square furniture/home/men’s store, Richmond, VA (124,000 square feet; opened in 1990; 35 associates);

Downtown Spokane, Spokane, WA (374,000 square feet; opened in 1947; 94 associates).

Macy’s stores closed in the final three quarters of 2015 (previously announced):

Owings Mills Mall, Owings Mills, MD (164,000 square feet; opened in 1986; 90 associates);

Bedford, NH (180,000 square feet; opened in 1966; 105 associates);

Essex Green Shopping Center, West Orange, NJ (93,000 square feet; opened in 1975; 101 associates). Note that this location was converted to a Macy’s Backstage store.

Downtown Pittsburgh, PA (1,158,000 square feet; opened in 1946; 170 associates).

Yes, one of the stores I used to visit frequently is closing. One already closed.

[jmyrlefuller]

McKinley Mall main store, Buffalo, NY (88,000 square feet; opened in 1989; 65 associates);

McKinley Mall home store, Buffalo, NY (31,000 Square feet; opened in 1989; 10 associates);

Arnot Mall, Horsehead, NY (120,000 square feet; opened in 1995; 79 associates);

Eastern Hills Mall, Williamsville, NY (127,000 square feet; opened in 1971; 80 associates);

Wow. That's quite a few around my neck of the woods. Now, Macy's will only have one mall outlet in the Buffalo area (the Walden Galleria, which is the biggest mall around here anyway).

[mountaineer]

The comments I've seen posted about the story say 1) malls are a thing of the past; and 2) everyone will be buying online in the near future, anyway.    I don't know, I really have to try on clothing and shoes before I can buy them.

[jmyrlefuller]

The comments I've seen posted about the story say 1) malls are a thing of the past; and 2) everyone will be buying online in the near future, anyway.    I don't know, I really have to try on clothing and shoes before I can buy them.

Just for the heck of it I decided to check Macy's out looking for a flannel shirt. Seems like the online commenters are doing a lot of complaining that they're getting sent the wrong color when they order online. (The price seems great for Macy's, though—their clearance stuff is on par with Wal-Mart and Kmart.)

[ABX]

The comments I've seen posted about the story say 1) malls are a thing of the past; and 2) everyone will be buying online in the near future, anyway.    I don't know, I really have to try on clothing and shoes before I can buy them.

There are also a lot of discount stores selling the same brands as Macy's and Dillard's like Burlington and Khols. In Burlington's case, it is both an outlet for Macy's but they are also selling branded but cheaply made versions of the exact same product (Perry Ellis, Ralph Lauren, etc).  Dillard's has fared well so far because they are stepping into a bit higher clientele line in medium markets while Macy's is focusing on larger markets that have more competition from the bottom and top.

[truth_seeker]

Irvine Spectrum, Irvine California

112 employees, the  biggest loss of all 40 store closings.

The mall is thriving, so it is the retailer.

[ABX]

The only one in Texas seems to be in a Mall that was already suffering and had a lot of closed stores. Check out the reviews of the mall over the past few years here:
http://www.yelp.com/biz/ridgmar-mall-fort-worth

[mountaineer]

The Century III mall in the above list is a ghost town.