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CEO NA Magazine > News > Macy’s plans to close more stores this year

Macy’s plans to close more stores this year

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Macy’s plans to close more stores this year
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Macy’s has released a list of the department store locations that it plans to close this year.

The list includes six full-line department stores, a Bloomingdale’s outlet shop and a Macy’s store that the company said already closed last year but was never announced publicly.

The Bloomingdale’s location at Miromar Outlets in Estero, Florida, is set to shutter by the end of the fiscal fourth quarter, Macy’s said, while the six full-line locations should close by the end of the first quarter.

“Stores remain an integral part of our omnichannel retail ecosystem,” a Macy’s spokeswoman said Thursday in a statement. “As our business evolves, we continue to optimize and reposition our store fleet to more effectively support our omnichannel sales growth and expand market share.”

Macy’s will offer impacted workers at these locations severance packages or other roles at nearby stores, she said. The company declined to say how many employees work at these sites.

Tags: Macy'sRetailstore closures

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