which macy's stores are closing in 2021

Hilltop, CA 4. As part of its restructuring plan, Macy's will be permanently closing these department stores in 2021. In 2020, Macy's closed about 30 locations. Data is a real-time snapshot *Data is delayed at least 15 minutes. Mall owners like Simon Property Group and Macerich have been tasked with filling a plethora of empty spaces. Commack, NY 5. Medinah Temple, IL (Bloomingdale's) 8. Macy's shoppers can expect to make fewer trips to the mall in the near future. Macy’s has announced it will be closing 45 more stores in 2021 … We may earn commission from links on this page, but we only recommend products we back. College Mall, IN 13. We want to hear from you. Macy’s will close 37 stores in the first half of 2021, four of which are located in malls in New York and Connecticut. Northtown, WA31. Cambridgeside, MA 34. Oakbrook, IL (Furniture)3. Department store retailer Macy’s Inc. is closing 68 stores, including two in Virginia, and eliminating more than 10,000 jobs after a disappointing holiday shopping season. Grand Teton Mall, ID 11. Still another 80 Macy’s stores are slated to close through 2023, CBS reported. On Wednesday, Macy's officials confirmed Waterbury and Waterford are on the closure list. Now, an estimated 45 Macy’s locations will be closing as soon as the middle of 2021. Macy's has notified employees at roughly 45 of its department stores that the locations will shut down later this year. In turn, the company has said it plans to focus on investing in the best malls across the United States and grow off-mall. Hyatt Regency (Maui), HI 10. Macy's joins a growing list of department store chains that are closing stores nationwide. Dover Mall, DE**Macy's has closed these locations to in-store shopping and has converted them into fulfillment centers. This is in addition to the roughly 30 stores the retailer closed in 2020. The legacy retail giant just announced plans to close 125 stores—a move that will go into effect over the next three years. On top of that, the company is expected to cut an additional 2,000 jobs in the next three years, about 9% of its corporate and support positions. A list of closing stores was unavailable Tuesday. You may be able to find more information about this and similar content at piano.io, What to Buy During Sur La Table's Cookware Sale, The Best Products of 2020, Ranked by Our Experts, 18 Things Our Readers Couldn't Stop Buying in 2020, Check Out Amazon's Work & Learn From Home Sale, 15 Stores That Offer Same-Day Pickup This Holiday, Amazon's Having a Huge Roomba Sale Right Now, Buy an Instant Pot for Under $100 on Amazon Now. Commons at Federal Way, WA 30. Under the leadership of CEO Mark Tritton, who joined Bed Bath & … The closures are part of a previously announced plan by Macy's to shut 125 locations by 2023, which the retailer outlined last February. In 2020, they closed 29 stores (28 Macy's and one Bloomingdale's) across the country, per CNBC. Bruce Leighty | Photolibrary | Getty Images, Sephora partners with Kohl's to open mini shops in 850 stores, a previously announced plan by Macy's to shut 125 locations by 2023, filed for Chapter 11 bankruptcy protection. Vista Ridge Mall, TX 29. Sangertown Square, NY 18. Rolling Oaks, TX 28. Why trust us? El Cajon Parkway, CA 3. Macy's closing 45 more stores in 2021 as part of its restructuring. Macy's chief executive Jeff Gennette laid it all out in a news release last summer: He wrote that although the pandemic has "significantly impacted our business," they still "anticipate a gradual recovery of business." cut an additional 2,000 jobs in the next three years, Macy's Is Closing 100 of Its Department Stores, Kmart Is Closing 64 More Stores Across the Country, Sears and Kmart Are Closing 63 More Stores, These Stores Will Be Closed on Thanksgiving, More Sears and Kmart Stores Are Closing This Fall, Port Charlotte: Port Charlotte Town Center, Collierville: The Avenue Carriage Crossing. Marlow Heights, MD14. Old Hickory Mall, TN 24. The rest are slated to start later this month. In 2020, retail businesses from boutique apparel chains to department store operators announced more than 11,000 closures, according to tracking from the real estate firm CoStar Group. The closures are part of a previously announced plan by Macy's to shut 125 locations by 2023, which the … See the list. Get the complete list of Macy's stores closing in 2021, along with information about the department store chain's three-year plan to close 125 locations in total. Here is the full list of stores slated to close by the end of Macy’s first quarter, which ends April 30, 2021. Another 45 Macy's stores are expected to close by the middle of the year, CNBC reported Tuesday. The “why” is complicated, but essentially the success of department stores like Macy’s is tied to the performance of the malls that they’re in. White Plains Galleria, NY 19. Post Oak Mall, TX 26. Macy's store closings 2021: 36 Macy's, 1 Bloomingdale's to liquidate with most closing in spring. The department store chain is getting out of the dumpiest malls in the first wave of its plan to close 125 stores. As result, Macy's plans to be "a smaller company for the foreseeable future.". 1. Some of the liquidation sales have already started, but most are expected to start in late January and will run for eight to 12 weeks. Macy's Reportedly Will Close 45 Stores by Mid-2021. Great Lakes Mall, OH 20. Stores closing in 2020: Up to 1,200. Golden Triangle, TX 25. After the two closings, Macy's will still operate nine stores in Dallas-Fort Worth in 2021 including this one at Town East Mall in Mesquite. Park Place, AZ 2. © 2021 CNBC LLC. NEW YORK (Reuters) — Department store operator Macy’s Inc said on Tuesday it would close about 45 stores this year as part of its three-year plan to lower store count in order to focus on its more productive outlets. This is in addition to the 3,900 corporate and management layoffs from last summer, as stated in a news release from last June. The pressures have been too much for some to handle: Two mall owners — CBL and Pennsylvania Real Estate Investment Trust — filed for Chapter 11 bankruptcy protection in November. News of Macy's store closings means that nearly one-fifth of the brand's total stores … In late October, company officials said the 200 stores are expected to close by the end of the 2021 fiscal year. Sign up for free newsletters and get more CNBC delivered to your inbox. Macy's Closing More Stores, 17 VA, DC Locations Threatened - McLean, VA - The latest Macy's store closures comprise one-fifth of the iconic retailer's locations. Get this delivered to your inbox, and more info about our products and services. Here is the full list of stores slated to close by the end of Macy’s first quarter, which ends April 30, 2021. CALIFORNIA — Macy's plans to close three dozen stores nationwide in 2021, including two in California, according to multiple reports. Woodfield, IL (Furniture)4. Paradise Valley, Arizona El Cajon Parkway, California Got a confidential news tip? South Towne Center, UT. Macy's is closing dozens of department stores this year. Southwest Plaza, CO*9. Volusia Mall, FL 8. Note: This list will be updated as more store closures are announced. It's important to note that the following store closures have always been a part of the company's plan — well before the pandemic. Lima, OH 35. The vitamins and supplements retailer has filed for Chapter 11 bankruptcy and says it will close 800 to 1,200 of its stores. Find out if your Macy's store is shuttering this year. Macy’s has not released a full store closure list. Monterey, CA (Furniture)32. Macy's has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. The Avenue Carriage Crossing, TN 23. Here's the full list of Macy's stores expected to close this year: 1. (Ben Torres / Special Contributor) By Maria Halkias Macy's is closing dozens of department stores this year, in a bid to move out of underperforming malls and trim a real estate empire that isn't as valued as it once was. Eastland, OH (Furniture Clearance)6. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. As of right now, Macy's has only released a list of store closings for the first quarter of 2021. A Division of NBCUniversal. Paradise Valley, Arizona; El Cajon Parkway, California; Hilltop, California Jan 5, 2021 3:18 PM. Rivercenter, TX 27. Sioux Falls has a Macy’s store located in the Empire Mall. Brass Mill Center, CT 5. While their business has certainly been impacted by the coronavirus, Macy's remains hopeful about the future unlike other major competitors, including Neiman Marcus, Lord & Taylor, and JCPenney, who filed for Chapter 11 bankruptcy in 2020. All of the stores listed below are set to close by April 30, with the exception of the Macy's at South Towne Center in Utah, which will close mid-year. Lloyd Center, OR36. How to Best Alleviate COVID-19 Symptoms at Home, These Reusable Grocery Bags Make Shopping a Breeze, How to Read the 'Bridgerton' Books in Order, These Bed Bath & Beyond Stores Are Closing, This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. We will update this story with a full rundown of Macy’s stores closing as the information is made public. Macy’s closed 29 stores in 2020, putting the company at roughly 540 locations by the end of the year. Macy's told employees at 45 locations that their stores would close in 2021, CNBC first reported. By Khristopher J. Brooks January 6, 2021 / 7:22 AM / MoneyWatch Retail giant Macy's announces massive cuts . Greenbriar, GA 9. UPDATED: Many retail stores and malls have closed temporarily due to COVID-19. Crystal Mall, CT 6. Get the full list of locations shutting their doors this year. MENTOR, OH — Macy's will close three locations in Ohio in 2021, according to USA Today. Richland Mall, OH 21. Harrisburg, PA 7. Santa Monica, CA (Bloomingdale's)37. Water Tower Place, IL 12. Macy's currently operates 544 of its namesake department stores, along with 34 Bloomingdale's locations, 19 Bloomingdale's outlets and 166 Bluemercury shops, according to its website. GNC, which has been selling nutrition and diet products since 1935, is slimming down in a big way. Independence Center, MO 15. Tri-County Mall, OH 22. See which DC … West Park Mall (MO), MO 17. Macy's stores closing 2021: See the locations liquidating this spring. Macy's Closing 3 Ohio Stores In 2021 - Across Ohio, OH - The brand will shutter at least three of its Ohio locations in 2021. CONNECTICUT — Two Macy's stores in Connecticut have been designated for closure as the department store icon embarks on further roster cuts in 2021. Macy's is closing dozens of department stores this year. And well, it’s not been a great time for malls. All Rights Reserved. As many as 45 stores could close this year, company officials said this week. Winter Haven, FL 33. Northpark Mall, MO 16. (See a full list of the closing stores and recently closed locations below.) Good Housekeeping participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Macy's reportedly is closing 45 stores and has begun liquidation sales at some locations. Macy’s stock was up roughly 3% on Wednesday following the news regarding store closures. WATERBURY, CT– Customers make their way into the Macy store at the Brass Mill Center in Waterbury on Wednesday. Author: Vidhi Choudhary Publish date: Jan 5, 2021 … The closures, first reported by CNBC on Tuesday, are part of a previously announced plan by Macy's to shut 125 locations by 2023, which the retailer outlined last February. But now, Macy's is forging ahead and closing 45 more stores in the year ahead in hopes to try out smaller store formats and only have a presence at top-tier malls, as noted by CNBC. The company’s stock is down 40% over the past 12 months, and down 50% over the last three years. Macy’s Inc. is moving forward with plans to shutter 45 stores this year, continuing its previously announced goal of eliminating a total of 125 outlets … Paradise Valley, AZ 2. The closures are part of the plan the retailer announced back in February 2020 to close … Liquidation sales have already started at some of the locations that are closing. The closures by Macy's will add to the glut of retail real estate that has gone back on the market in recent years, pummeling landlords. Port Charlotte Town Center, FL 7. 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