Macy's to Close Five Stores

CINCINNATI-Macy's said it plans to close five stores as part of its effort to slim down on underperforming locations.

The stores are located in Boise, Idaho; Waterford, Mich.; St. Ann, Mo.; Missoula, Mont., and Burlington, N.J.

Terry Lundgren, Macy's chairman, president and chief executive officer, said the decision to close stores often takes place due to changes in local markets, the opening of competing shopping centers near existing older ones and changes in consumer shopping habits. "We are committed to maintaining a healthy portfolio of stores, which requires us to make the difficult decision to close some stores that no longer meet our performance requirements, as well as to open new stores where we see opportunities," Lundgren said.

In 2009, five new Macy's stores were opened in Gilbert, Ariz., Fresno and Visalia, Calif., Lee's Summit, Mo. and Fairview, Texas. Following these store closings, Macy's will operate 849 stores--809 Macy's and 40 Bloomingdale's.

The company has previously announced that it will open new Bloomingdale's stores in Santa Monica, Calif., and Dubai, which would be its first international location.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money