The store closings are part of Macy’s restructuring plans, which were announced in February 2020. The company said at the time that it would close 125 locations – around one-fifth of its store count – over the next five years.
The ones that will be closed in New York are in Hicksville and Commack , both on Long Island. Stores in the Hudson Valley were spared this time. There are Macy’s stores in White Plains, Yonkers and Yorktown Heights in Westchester County, West Nyack in Rockland and Poughkeepsie in Dutchess County.
Macy’s is closing dozens of department stores this year. The closures are part of a previously announced plan by Macy’s to shut 125 locations by 2023, which the retailer outlined last February.
A inquiry we ran across in our research was “What Macy’s stores are closing 2021?”.
Four of the department store’s mall locations will close in the first quarter of 2021.
The next thing we wanted the answer to was; are Macy’s a++ malls still profitable?
Some believe that An A++ mall could bring in as much as $1,000 in sales per square foot, for example, while a C+ mall does about $320 .
How many Macy’s stores will close Under Polaris?
Under the plan, Macy’s said it will invest more in its online store and mobile app, which officials said account for more than $6 billion per year in sales. Another 80 stores are slated to close in 2022 and 2023 under Polaris .
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. Here’s the full list of Macy’s stores expected to close this year: 1.
Are there any Macy’s stores in the Hudson Valley?
Stores in the Hudson Valley were spared this time. There are Macy’s stores in White Plains, Yonkers and Yorktown Heights in Westchester County, West Nyack in Rockland and Poughkeepsie in Dutchess County. Find out what’s happening in Yorktown-Somers with free, real-time updates from Patch.
What does Macy’s’ store closures mean for landlords?
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. 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 Co, and star group.