Macy’s plans to shut seven shops within the first quarter of 2022.
These retailer closings are a part of its restructuring plans introduced in 2020.
Discover out in case your native Macy’s is on the listing.
Macy’s is kicking off the yr with a spherical of retailer closings.
The division retailer chain plans to shut seven shops over the subsequent few months, six of that are mall-based areas. Liquidation gross sales are anticipated to begin at some shops within the subsequent few weeks.
USA At this time was the primary to report the information.
The shop closings are a part of Macy’s restructuring plans, which had been introduced in February 2020. The corporate stated on the time that it could shut 125 areas – round one-fifth of its retailer rely – over the subsequent 5 years. It additionally lower 2,000 company jobs.
A spokesperson for Macy’s informed Insider that retailer staff can be provided roles at close by areas or severance packages. The spokesperson didn’t touch upon whether or not it plans to shut further shops past the 125 areas introduced in 2020.
In its most up-to-date earnings name, Macy’s CFO Adrian Mitchell stated the corporate is taking a detailed take a look at when it would shut its 60 remaining shops out of the 125 listing. It is also persevering with to check its presence away from malls by opening new areas resembling Market by Macy’s, its fashionable idea retailer.
Here is the complete listing of retailer closings:
Twenty Ninth Avenue Mall, 1900 twenty eighth St, Boulder.
Streets at SouthGlenn, 6801 S College Blvd, Centennial.
Do you’re employed for Macy’s? Contact this reporter by way of encrypted messaging app Sign at +1 (646) 768-4716 utilizing a non-work cellphone, by e-mail to [email protected], or Twitter DM at @MarySHanbury.
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