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Macy’s Closing Four More Department Stores

Stores are in California, Colorado, Hawaii and Maryland.

Published

1 year ago

January 12, 2023

INSTORE Staff

Macy’s Closing Four More Department Stores

Macy’s (New York) is set to shutter four more department stores in in the first quarter of 2023 as part of its ongoing Polaris transformation strategy, according to Retail Dive and several other news sources. The affected stores are in these malls:

Baldwin Hills Crenshaw Plaza; Los Angeles
Foothills Mall, Fort Collins, Colo.
Windward Center, Kaneohe, Hawaii
Lakeforest Mall, Gaithersburg, Md.

Macy’s, which also operates the Bloomingdale’s and Bluemercury flags, said in February 2020 that it expected to close around 125 stores – a fifth of its locations –as part of a three-year plan. That strategy includes “optimizing and repositioning” its store fleet to have a mix of mall and off-mall locations.

That includes opening of four off-mall/smaller format Market by Macy’s stores last year and its disclosure last week of plans to open its third smaller-format Bloomie’s store, in Seattle, after opening similar locales in Chicago and Virginia.

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.”