Macy’s to close nine stores

Cincinnati – Macy’s today identified nine underperforming Macy’s stores that it intends to close in early 2008:  

  • Washington Square, Indianapolis (152,000 square feet; opened in 1974);

  • Prien Lake Mall, Lake Charles, La. (116,000 square feet; opened in 2003);

  • Rolling Acres Mall, Akron, Ohio (103,000 square feet; opened in 1978);

  • Canton Centre, Canton, Ohio (120,000 square feet; opened in 1968);

  • Randall Park Mall, North Randall, Ohio (184,000 square feet; in 1976);

  • Crossroads Mall, Oklahoma City (153,000 square feet; opened in 1986);

  • Valley View Center, Dallas (300,000 square feet; opened in 1973);

  • Sharpstown Center, Houston (308,000 square feet; opened in 1961);

  • Family Center at Riverdale, Riverdale, Utah (140,000 square feet; opened in 2003).

Final clearance sales will begin on varying schedules within the next several weeks.

“While the decision to close stores is difficult, it is necessary that we do so selectively in locations with declining sales and where we have been unable to identify sufficient growth opportunities,” said Terry Lundgren, chairman, president and ceo of Macy’s, Inc. “At the same time, we continue to open new Macy’s store locations in communities where we believe we can operate successfully.”

The company opened 10 new stores and one furniture gallery in 2007. In 2008, the company expects to open five stores, with an additional six to eight new locations currently planned for 2009.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!