Connect with us

Headlines

Macy’s Closing Four More Department Stores

Stores are in California, Colorado, Hawaii and Maryland.

mm

Published

on

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.

Advertisement

SPONSORED VIDEO

Ready to Relocate? Wilkerson Makes Your Move Seamless

When Brockhaus Jewelry decided to leave their longtime West Main Street storefront for a standalone building elsewhere in Norman, Oklahoma, owners John Brockhaus and Brad Shipman faced a familiar challenge: how to efficiently reduce inventory before the big move. Their solution? Partnering with liquidation specialists Wilkerson for a second time. "We'd already experienced Wilkerson's professionalism during a previous sale," Shipman recalls. "But their approach to our relocation event truly impressed us. They strategically prioritized our existing pieces while tactfully introducing complementary merchandise as inventory levels decreased." The carefully orchestrated sale didn't just meet targets—it shattered them. Asked if they'd endorse Wilkerson to industry colleagues planning similar transitions—whether relocating, retiring, or refreshing their space—both partners were emphatic in their approval. "The entire process was remarkably straightforward," Shipman notes. "Wilkerson delivered a well-structured program, paired us with a knowledgeable advisor, and managed every detail flawlessly from concept to completion."

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular