Thursday, December 7, 2023
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A map of the place the shops are

Macy’s has released an inventory of the handful of department shops that it plans to shut this 12 months.

It contains six full-line department shops, a Bloomingdale’s outlet store and a Macy’s retailer that the corporate mentioned already closed final 12 months however was by no means introduced publicly.

The Bloomingdale’s location at Miromar Retailers in Estero, Florida, is ready to shutter by the top of the fiscal fourth quarter, Macy’s mentioned. The six full-line areas ought to shut by the top of the primary quarter.

“Shops stay an integral a part of our omnichannel retail ecosystem,” a Macy’s spokeswoman mentioned Thursday in a press release. “As our enterprise evolves, we proceed to optimize and reposition our retailer fleet to extra successfully help our omnichannel gross sales progress and broaden market share.”

Macy’s will supply impacted staff at these areas severance packages or different roles at close by shops, she mentioned. The corporate declined to say what number of workers work at these websites.

In mid-November, Macy’s announced it would be closing about 10 stores in January. The retailer had been on observe to close extra areas, nevertheless it mentioned it was reconsidering when to shut the roughly 60 remaining open shops out of a batch of 125 closures the corporate focused to go darkish by 2023.

“The delayed closure of sure shops permits us to keep up a bodily presence out there, which is vital to our top-line progress,” mentioned Chief Monetary Officer Adrian Mitchell, throughout an earnings convention name on the time. “Digital efficiency is stronger within the markets the place we’ve got shops.”

Macy’s can also be present process a overview of its enterprise with consulting agency AlixPartners amid stress from activist investor Jana Companions to separate Macy’s shops from its e-commerce arm.

Final January, Macy’s had announced a list of dozens of department store locations to be closed as a part of its three-year plan. However the tempo of closures is slowing as the corporate operates a leaner portfolio of shops right now. It has 516 full-line Macy’s department shops, in accordance with its web site.

Macy’s has additionally been testing off-mall and smaller-format locations, because it closes its bigger areas anchored at conventional malls.

Macy’s inventory rose a whopping 143% in 2021.

Here’s the full list of Macy’s locations that are closing in 2022 or have already closed.

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