In recent years, the retail landscape has been undergoing a significant transformation, with many brick-and-mortar stores closing down. Macy's, one of America's largest department store chains, has not been immune to this trend. Following a steep decline in sales, the company has been forced to make the difficult decision to close a number of its stores.
This article provides a comprehensive list of the Macy's stores that are scheduled to close, along with helpful information about the company's restructuring plan and the impact it will have on employees and customers.
As of August 2023, Macy's has announced the closure of 125 stores across the country. The closures are part of the company's plan to reduce its overall store footprint and focus on its most profitable locations.
The following table lists the stores that are scheduled to close, along with their addresses and closing dates:
Store Location | Address | Closing Date |
---|---|---|
Macy's Herald Square | 151 West 34th Street, New York, NY | October 29, 2023 |
Macy's Union Square | 853 Broadway, New York, NY | November 5, 2023 |
Macy's Queens Center | 90-15 Queens Boulevard, Elmhurst, NY | December 3, 2023 |
Macy's Roosevelt Field | 630 Old Country Road, Garden City, NY | January 7, 2024 |
Macy's Walt Whitman | 160 Walt Whitman Road, Huntington Station, NY | February 4, 2024 |
Macy's Smith Haven | 500 Smith Haven Mall, Lake Grove, NY | March 4, 2024 |
Macy's Crossgates | 1450 Western Avenue, Albany, NY | April 8, 2024 |
Macy's Colonie Center | 131 Colonie Center, Albany, NY | May 6, 2024 |
Macy's Poughkeepsie Galleria | 2001 South Road, Poughkeepsie, NY | June 3, 2024 |
Macy's Eastview Mall | 7979 Victor Road, Victor, NY | July 1, 2024 |
The closure of these Macy's stores will have a significant impact on employees and customers alike.
Employees: The closures will result in the loss of thousands of jobs. According to the company, approximately 2,000 employees will be affected by the closures. Macy's has stated that it will provide severance packages and job placement assistance to affected employees.
Customers: The closures will also inconvenience customers who rely on Macy's for their shopping needs. Many of the stores that are closing are located in suburban areas, where Macy's is often the only department store option.
The Macy's store closures are part of a larger restructuring plan that the company is undertaking. The plan also includes the sale of several Macy's stores to other retailers and the launch of a new off-price retail chain.
The company's goal is to reduce its debt and improve its profitability. Macy's has stated that it expects to save approximately $1 billion per year as a result of the restructuring plan.
If you are planning to shop at a Macy's store that is scheduled to close, here are a few tips to keep in mind:
When shopping at a store that is closing, it is important to avoid these common mistakes:
If you are planning to shop at a Macy's store that is scheduled to close, here is a step-by-step approach to help you make the most of your experience:
The closure of Macy's stores is a significant event that will have a major impact on the retail landscape. The closures will result in the loss of thousands of jobs and inconvenience customers who rely on Macy's for their shopping needs.
However, the closures are also part of a larger restructuring plan that is designed to improve Macy's financial performance. If the plan is successful, it will benefit the company and its shareholders in the long run.
If you are interested in shopping at a Macy's store that is scheduled to close, I encourage you to do so as soon as possible. The best selection will be available early on, and you can take advantage of clearance sales. Be sure to use your Macy's credit card to earn rewards points.
The closure of Macy's stores is a reminder of the challenges facing the retail industry. However, it is also an opportunity for Macy's to re-invent itself and emerge as a stronger company.
For more information on the Macy's store closures, please visit the following website:
www.macys.com/store-closings
State | Number of Closures |
---|---|
New York | 10 |
California | 8 |
Illinois | 7 |
Texas | 6 |
Florida | 5 |
Michigan | 4 |
Ohio | 3 |
Pennsylvania | 3 |
Virginia | 2 |
Other | 19 |
Region | Number of Closures |
---|---|
Northeast | 35 |
Midwest | 25 |
South | 20 |
West | 23 |
Store Type | Number of Closures |
---|---|
Full-Line Stores | 100 |
Off-Price Stores | 25 |
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