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Store Closures

Business
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability.  "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…

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by Joe Lombardi
Business
Virginia Macy's Store, Recently Approved For Redevelopment, Among 5 To Shutter Across U.S. Virginia Macy's Store, Recently Approved For Redevelopment, Among 5 To Shutter Across U.S.
Virginia Macy's Store, Recently Approved For Redevelopment, Among 5 To Shutter Across U.S. A Virginia Macy's store is among a handful to shutter across the U.S., a spokesperson confirmed. Macy’s will close five full-line locations located at Ballston (Arlington, VA), Bay Fair (San Leandro, CA), Kukui Grove (Lihue, HI), Simi Valley Town Center (Simi Valley, CA), and Governor’s Square (Tallahassee, FL). The closures mean more than 2,300 employees will be laid off, CNN reports. A Macy's spokesperson said its workforce will be reduced by 3.5% "to become a more streamlined company." “At Macy’s, we continue to reposition our store fleet to better meet the needs of our customers i…

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by Cecilia Levine
Business
VA Christmas Tree Shops Store Among 10 National Store Closures VA Christmas Tree Shops Store Among 10 National Store Closures
VA Christmas Tree Shops Store Among 10 National Store Closures Christmas Tree Shops has announced it will close 10 of its stores after filing for bankruptcy. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. The 10 stores closures are: Rockland County, New York: 32 Spring Valley Marketplace, Spring Valley; Jefferson County, New York: 21182 Salmon Run Mall Loop West, Watertown; Cape Cod, Massachusetts: Davis Straits, Route 28 Falmouth Plaza, Falmouth, Massachusetts; Barnstable County, Massachusetts: Cranberry Highway Route 6A, Sagamore; Lancaster County, Pennsylvania:…

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by Joe Lombardi