{"id":1004380733,"date":"2020-01-09T02:56:03","date_gmt":"2020-01-09T10:56:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004380733"},"modified":"2020-01-09T04:21:33","modified_gmt":"2020-01-09T12:21:33","slug":"macys-store-closings-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/macys-store-closings-what-you-need-to-know\/","title":{"rendered":"Macy\u2019s Store Closings: What You Need to Know"},"content":{"rendered":"
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Macy’s at Northgate Mall in Cincinnati, one of the locations which will close its doors. Image via Google Street View<\/i><\/p><\/div>\n

Retail giant Macy\u2019s plans to close 28 stores and one Bloomingdale\u2019s location, the company announced Wednesday. Although revenues during the 2019 holiday season exceeded projections made in the third quarter, same-store sales in November and December decreased by 0.6 percent year-over-year.<\/p>\n

Macy\u2019s operated a total of 871 stores as of the third quarter. In addition to its 641 namesake locations, the company\u2019s operations include 38 Bloomingdale\u2019s, 171 Bluemercury cosmetic shops and a number of new concept stores. The company\u2019s full retail footprint encompassed 123.6 million square feet, with Macy\u2019s-branded locations representing 92.3 percent of the total.<\/p>\n

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Many of the store closings are concentrated in second- and third-tier shopping malls in smaller markets\u2014such as Helena, Mont., and Carbondale, Ill.\u2014as the company turns its attention to its highest-performing locations. Macy\u2019s has renovated 150 of its top department stores during the past two years, with plans to scale these efforts to include another 100 this year. Additionally, the firm is continuing to expand some of its business lines: In 2019, eight Bluemercury and two Bloomingdale\u2019s Outlets stores opened their doors. <\/p>\n