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150 Macy’s Stores to Close in 3 Years

However, Macy’s Inc. plans to open more Bloomingdale’s and Bluemercury stores.

Published

2 months ago

February 28, 2024

INSTORE Staff

PHOTOGRAPHY: Ian Dewar Photography / Shutterstock.com

Macy’s (New York) will close 150 “underperforming” department stores in the next three years, according to a company plan revealed Tuesday.

Macy’s parent company, Macy’s Inc., reported a decline of 1.7 percent year over year in Q4. The Macy’s banner fell 4.7 percent. Macy’s recently declined a $5.8 billion take-over bid, which would have made the company private.

Also outlined in the company plan, Macy’s Inc. will open 15 Bloomingdale’s stores, 30 Bluemercury stores and 30 small-format stores.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”