Macy’s, Bloomingdales Closing Stores

Macy’s and subsidiary Bloomingdale’s announced a series of store closings over the next year, with the two chains losing a combined total of nine stores.

However, Macy’s is also opening five new stores and one replacement store over the next two years, while Bloomingdale’s is opening one store and one replacement store.

The moves comes as the retailer announced positive holiday sales, with Macy’s Inc.’s same-store sales for the November and December holiday selling period up 5.7 percent.

Macy’s will close the following five stores in spring 2012: West Ridge Mall, Topeka, Kan.; Laurel Mall, Laurel, Md.; Parmatown, Parma, Ohio; Hickory Hollow, Antioch, Tenn.; and Mall of the Mainland, Texas City, Texas.

The company will open five new stores, as well as one replacement store.

New Macy’s stores will be located in Victorville, Calif. (opening mid-2013); Gurnee, Ill. (spring 2013); the Bronx, N.Y. (fall 2013 or spring 2014); and Salt Lake City, Utah (March 2012); and Greendale, Wisc. (March 2012).

A replacement store will be built in Bay Shore, N.Y., in fall 2013.

When all of these planned openings and closings are complete, Macy’s will operate 804 stores in the U.S.

Bloomingdale’s will close four stores in early spring 2012: Perimeter Mall, Atlanta, Ga.; Oakbrook Home and Furniture, Oak Brook, Ill.; White Flint, North Bethesda, Md.; and the Mall of America, Bloomington, Minn.

Bloomingdale’s is also opening a previously announced new store in the Glendale Galleria in Glendale, Calif., in fall 2013.

The company also plans another new store in spring 2014 in the Stanford Shopping Center in Palo Alto, Calif., subject to completion of a public approval process. It will replace an existing Bloomingdale’s in the same shopping center.

New Bloomingdale’s Outlets are planned for Paragon Outlets Livermore Valley in Livermore, Calif. (opening fall 2012); Merrimack Premium Outlets, Merrimack, N.H. (spring 2012); The Gallery at Westbury Plaza, Westbury, N.Y. (fall 2012); The Shops at Park Lane, Dallas, Texas (spring 2012); and Paragon Outlets Grand Prairie in Grand Prairie, Texas (summer 2012).

“The company is committed to treating associates affected by store closings with respect and openness,” the statement said. “Associates displaced by store closings may be offered positions in nearby stores where possible. Regular full-time and part-time associates who are laid off due to the store closings will be provided severance benefits.”


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