Macy’s Reveals List of 66 Stores to Close as Part of Bold New Chapter Strategy
Macy’s has announced the locations of 66 stores that will be closing as part of its Bold New Chapter strategy, including nine in California.
Background
The plan to close approximately 150 stores over a three-year period was announced last year, but Macy’s hadn’t announced any of the locations until now.
Reason for Closure
According to Tony Spring, chairman and chief executive officer of Macy’s, Inc., the decision to close underproductive stores is part of the company’s strategy to focus resources and prioritize investments in its “go-forward” stores, where customers are already responding positively to better product offerings and elevated service.
California Store Closures
- 750 W. 7th St. in Broadway Plaza (Los Angeles)
- 2838 S. El Camino Real (San Mateo)
- 6000 Sunrise Mall (Citrus Heights)
- 300 Westminster Mall (Westminster)
- 200 Newpark Mall (Newark)
- 1555 Camino De La Reina (San Diego)
- 2015 Birch Rd. Suite 2 in Otay Ranch Town Center (Chula Vista)
- 1400 Redwood Highway in Village at Corte Madera (Corta Madera)
- 414 K St. in Downtown Plaza (Sacramento)
National Store Closures
Closures have also been announced in Arizona, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.
A complete list of the 66 stores can be found here.
Future Plans
Macy’s stated that there are 350 “go-forward” stores that they will continue to invest in.
Conclusion
Macy’s decision to close underproductive stores is part of its strategy to focus resources and prioritize investments in its “go-forward” stores. The company aims to improve customer experience and drive growth through better product offerings and elevated service.
FAQs
Q: Why is Macy’s closing stores?
A: Macy’s is closing stores as part of its Bold New Chapter strategy to focus resources and prioritize investments in its “go-forward” stores.
Q: How many stores will Macy’s close?
A: Macy’s plans to close approximately 150 stores over a three-year period.
Q: Which states will be affected by the store closures?
A: The store closures will affect stores in Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington.
Q: What will happen to the employees of the closing stores?
A: Macy’s has not released information on the fate of employees at the closing stores, but it is likely that some employees will be transferred to other locations or offered severance packages.
