For many years, Macy’s was the go-to store for shoppers across the country. But times have changed and now Macy’s is in the “final stretch” of closing stores across the country. This year, Macy’s announced they were closing nearly 200 stores in a sweeping round of downsizing.
Why Is Macy’s Closing Stores?
Macy’s is closing so many stores because of the changing retail landscape. Online shopping has become the preferred way for consumers to shop. In the face of online competition, Macy’s has failed to keep up, which has had a dramatic impact on their sales.
In addition, consumer tastes have shifted away from traditional department stores like Macy’s. Customers are now opting for smaller boutique stores and online shopping instead. This has further impacted Macy’s sales and profits.
Macy’s Response to Store Closures
Macy’s is responding to store closures by focusing on “omnichannel” retailing. This includes merging the in-store and online shopping experience together to give customers the best of both worlds.
In addition to merging in-store and online shopping, Macy’s is also focusing on cutting costs and boosting efficiency. They are streamlining processes and trimming the fat, so they can become leaner and more efficient.
Macy’s Reinvention of the Department Store
Macy’s is also reinventing the department store. They are focusing on creating a unique shopping experience, with exclusive shopping events and unique merchandise offerings. They are also placing a greater emphasis on customer experience, with high-end fitting rooms and helpful in-store employees.
Macy’s Plan for Growth
Going forward, Macy’s plans to focus on growing their online presence and expanding into new markets. They are also investing in new technology and software to help them better compete in the changing retail landscape.
Finally, Macy’s is placing a greater emphasis on international growth. They are planning to expand into new markets in Asia, Europe and beyond.
The Impact of Store Closures
Macy’s store closures have had a dramatic impact. They have caused job losses in many communities, which has had a ripple effect on the local economy.
In addition, store closings have impacted shopping habits of many consumers. They are now shopping more online and at smaller stores, while they are visiting malls less often.
Macy’s Closure Timeline
Macy’s store closure plans have been unfolding slowly over the past few months. Here is a timeline of how the closures have been announced:
January 4: Macy’s announced plans to close more than 100 stores across the country.
March 22: Macy’s announced it was closing an additional 11 stores.
May 15: Macy’s announced plans to close five more stores.
June 28: Macy’s revealed it was shutting down another 44 stores around the country.
Macy’s Closing Stores List
Below is a list of stores that Macy’s has announced it is closing as part of its downsizing efforts.
Arizona
Flagstaff: Flagstaff Mall
California
Bakersfield: Valley Plaza
Concord: SunValley Mall
Eureka: Bayshore Mall
Highland: Highland Springs Plaza
Palm Springs: Palm Desert Mall
Pasadena: Pasadena Town Square
Sacramento: Downtown Plaza
San Francisco: Stonestown Galleria
Stockton: Sherwood Mall
Ventura: Ventura Fashion Center
Colorado
Colorado Springs: Chapel Hills Mall
Connecticut
Waterbury: Brass Mill Center
District of Columbia
Washington: The Shops at Georgetown
Florida
Coral Gables: Miracle Mile
Jacksonville: Lakewood Mall
Miami: Flagler Mall
Tallahassee: Tallahassee Mall
Georgia
Atlanta: Northlake Mall
Indianapolis: Lakeside Center
Illinois
Bloomington: Eastland Mall
Chicago: Water Tower Place
Joliet: Louis Joliet Mall
Kansas
Wichita: Towne West Square Mall
Kentucky
Lexington: Fayette Mall
Louisiana
New Orleans: Lakeside Shopping Center
Shreveport: Mall St. Vincent
Maryland
Baltimore: The Gallery at Harborplace
Massachusetts
Boston: Downtown Crossing
Minnesota
Rochester: Apache Mall
New Jersey
Paramus: Garden State Plaza
New York
Amherst: Boulevard Mall
Harrison: Westchester Mall
New Rochelle: New Roc City
Syracuse: Shoppingtown Mall
White Plains: The Westchester
Ohio
Cincinnati: Kenwood Towne Centre
Oklahoma
Oklahoma City: Quail Springs Mall
Pennsylvania
Hershey: Hershey Square
Philadelphia: The Gallery at Market East
Tennessee
Nashville: Hickory Hollow Mall
Texas
Houston: Sharpstown Center
Virginia
Richmond: The Shops at Willow Lawn
Washington
Tacoma: South Hill Mall
Macy’s is in the “final stretch” of closing stores across the country. As the landscape of retail continues to shift, Macy’s is responding with a sweeping round of downsizing that includes nearly 200 store closures. Macy’s is also focusing on becoming more cost efficient and reinventing the department store. The store closures have had a ripple effect on local economies, with job losses and changes to shoppers’ habits. It remains to be seen how this will all turn out, but one thing is for sure: Macy’s has been forced to make some difficult decisions in order to compete in the ever-changing retail environment.
