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It is a identified undeniable fact that shops don’t get the quantity of foot visitors as they as soon as did, and lots of, like Lord & Taylor and Century 21, have introduced chapter or closed down altogether. The newest to take successful? Macy’s. The chain, which initially introduced it will be closing 150 shops by the tip of 2026, has made good on its promise, shutting down 66 locations thus far.
The shops which have already closed or might be closing range broadly, affecting 21 states. Should you reside in Arizona, California, Colorado, Florida, Georgia, Mississippi, Minnesota, New Jersey, New York, Tennessee, Texas, or Virginia—your native Macy’s might be gone very quickly. You’ll be able to see the full store closure list here.
Again in January, Macy’s CEO and chairman Tony Spring commented on the scenario in an announcement, saying, “Closing any retailer is rarely simple, however as a part of our Daring New Chapter technique, we’re closing underproductive Macy’s shops to permit us to focus our assets and prioritize investments in our go-forward shops, the place clients are already responding positively to raised product choices and elevated service.”
To sum it up, whereas the corporate is shutting down many shops, it will proceed to function different outposts that drive income and assist these shops develop into much more elevated of their style, house, and wonder choices.
For many who reside in New York Metropolis, the long-lasting Macy’s in Herald Sq. might be the primary that involves thoughts once you consider the mega division retailer chain—the spot the place the Macy’s Thanksgiving parade concludes yearly. That location is secure (for now). A enjoyable truth, too: Macy’s was really based by Rowland Hussey Macy in New York Metropolis in 1858, so here is hoping it would not utterly disappear from the Massive Apple.
Within the meantime, Macy’s will proceed to function its other 350 stores and open up further Bloomingdale’s and Bluemercury shops throughout the nation in an effort to additional faucet into the luxurious sector.
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