Joelle Fredman
WMAL.com
CINCINNATI — (WMAL) Macy’s announced today that it is closing 68 stores, including one at the Landmark Mall in Alexandria which opened in 1965.
These closures were included in a plan announced in August 2016 to close 100 stores.
The company expects to save $550 million annually due to this change.
It will also be cutting 10,000 jobs. 3,900 workers will be displaced after store closures, and another 6,200 jobs will be cut as the company reorganizes its management team.
Macy’s said that it is closing stores in order to “bolster the company’s strategy to further invest in omnichannel capabilities, improve customer experience and create shareholder value.”
“Our omnichannel strategies continue to evolve based on the changes in our customers’ shopping behaviors, including a focus on buy online, pickup in store and mobile-enabled shopping. In addition, we have invested in and enlarged our customer data and analytics team, which will help drive our new marketing strategies for 2017. Whether it is improving corporate agility, enhancing our customer engagement strategies, or continuing to capitalize on the potential value of our real estate assets, we remain focused on the actions that will ultimately improve our financial results and provide the greatest return for our shareholders,” CEO Terry J. Lundgren said in a press release.
Those stores closing at the end of 2017 include:
- Mission Valley Apparel, San Diego, CA (385,000 square feet; opened in 1961; 140 associates);
- Paseo Nuevo, Santa Barbara, CA (141,000 square feet; opened in 1990; 77 associates);
- Lakeland Square, Lakeland, FL (101,000 square feet; opened in 1995; 68 associates);
- Oviedo Marketplace, Oviedo, FL (195,000 square feet; opened in 2000; 83 associates);
- Sarasota Square, Sarasota, FL (143,000 square feet; opened in 1977; 86 associates);
- University Square, Tampa, FL (140,000 square feet; opened in 1974; 73 associates);
- CityPlace, West Palm Beach, FL (108,000 square feet; opened in 2000; 72 associates);
- Georgia Square, Athens, GA (121,000 square feet; opened in 1981; 69 associates);
- Nampa Gateway Center, Nampa, ID (104,000, square feet; opened in 2009; 57 associates);
- Alton Square, Alton, IL (180,000 square feet; opened in 1978; 54 associates);
- Stratford Square, Bloomingdale, IL (149,000 square feet; opened in 1981; 87 associates);
- Eastland, Bloomington, IL (154,000 square feet; opened in 1999; 55 associates);
- Jefferson, Louisville, KY (157,000 square feet; opened in 1979; 52 associates);
- Esplanade, Kenner, LA (188,000 square feet; opened in 2008; 101 associates);
- Bangor, Bangor, ME (143,000 square feet; opened in 1998; 65 associates);
- Westgate, Brockton, MA (144,000 square feet; opened in 2003; 79 associates);
- Silver City Galleria, Taunton, MA (152,000 square feet; opened in 1992; 82 associates);
- Lakeview Square Mall, Battle Creek, MI (102,000 square feet: opened 1983; 51 associates);
- Eastland Center, Harper Woods, MI (433,000 square feet; opened in 1957; 121 associates);
- Lansing, Lansing, MI (103,000 square feet; opened in 1979; 57 associates);
- Westland, Westland, MI (334,000 square feet; opened in 1965; 106 associates);
- Minneapolis Downtown, Minneapolis, MN (1,276,000 square feet; opened in 1902; 280 associates);
- Northgate, Durham, NC (187,000 square feet; opened in 1994; 72 associates);
- Columbia, Grand Forks, ND (99,000 square feet; opened in 1978; 53 associates);
- Moorestown, Moorestown, NJ (200,000 square feet; opened in 1999; 107 associates);
- Voorhees Town Center, Voorhees, NJ (224,000 square feet; opened in 1970; 77 associates);
- Preakness, Wayne, NJ (81,000 square feet; opened in 1963; 72 associates);
- Cottonwood, Albuquerque, NM (173,000 square feet; opened in 1996; 56 associates);
- Las Vegas Boulevard, Las Vegas, NV (178,000 square feet; opened in 1966; 84 associates);
- Great Northern, Clay, NY (88,000 square feet; opened in 1989; 55 associates);
- Oakdale Mall, Johnson City, NY (140,000 square feet; opened in 2000; 58 associates);
- The Marketplace, Rochester, NY (149,000 square feet; opened in 1982; 77 associates);
- Eastland, Columbus, OH (121,000 square feet; opened in 2006; 73 associates);
- Sandusky, Sandusky, OH (133,000 square feet; opened in 1979; 61 associates);
- Fort Steuben, Steubenville, OH (132,000 square feet; opened in 1974; 59 associates);
- Promenade, Tulsa, OK (180,000 square feet; opened in 1996; 58 associates);
- Neshaminy, Bensalem, PA (211,000 square feet; opened in 1968; 89 associates);
- Shenango Valley, Hermitage, PA (106,000 square feet; opened in 1976; 69 associates);
- Beaver Valley, Monaca, PA (203,000 square feet; opened in 1987; 78 associates);
- Lycoming, Muncy, PA (120,000 square feet; opened in 1995; 61 associates);
- Plymouth Meeting, Plymouth Meeting, PA (214,000 square feet; opened in 1966; 74 associates);
- Washington Crown Center, Washington, PA (148,000 square feet; opened in 1999; 67 associates);
- Parkdale, Beaumont, TX (171,000 square feet; opened in 2002; 67 associates);
- Southwest Center, Dallas, TX (148,000 square feet; opened in 1975; 68 associates);
- Sunland Park, El Paso, TX (105,000 square feet; opened in 2004; 71 associates);
- Greenspoint, Houston, TX (314,000 square feet; opened in 1976; 70 associates);
- West Oaks Mall, Houston, TX (244,000 square feet; opened in 1982; 135 associates);
- Pasadena Town Square, Pasadena, TX (209,000 square feet; opened in 1962; 78 associates);
- Collin Creek, Plano, TX (199,000 square feet; opened in 1980; 103 associates);
- Broadway Square, Tyler, TX (100,000 square feet; opened in 1981; 65 associates);
- Layton Hills, Layton, UT (162,000 square feet; opened in 1980; 72 associates);
- Cottonwood, Salt Lake City, UT (200,000 square feet; opened in 1962; 88 associates);
- Landmark, Alexandria, VA (201,000 square feet; opened in 1965; 119 associates);
- River Ridge, Lynchburg, VA (144,000 square feet; opened in 1980; 60 associates);
- Everett, Everett, WA (133,000 square feet; opened in 1977; 109 associates);
- Three Rivers, Kelso, WA (51,000 square feet; opened in 1987; 57 associates);
- Valley View, La Crosse, WI (101,000 square feet; opened in 1980; 57 associates)
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