Here’s the full list of Macy’s stores expected to close this year: 1.
Yet another query we ran across in our research was “Which macy’s are closing in california?”.
This is what we found. macy’s closed two stores in California in 2021: Richmond and El Cajon. The remaining California stores have the added pressure of dealing with organized retail thefts.
On Tuesday Macy’s announced it would be closing 125 of its “least productive stores” in “lower tier malls” over the next three years, including roughly 30 stores already in the process of shutting down. Macy’s currently operates roughly 870 stores, including 680 flagship Macy’s and Bloomingdale’s department stores.
It includes six full-line department stores, a Bloomingdale’s outlet store, and a Macy’s store that the company said already closed in 2021 but was never announced publicly.
One answer is that a Macy’s store in West Palm Beach, Florida, that is now closed. Despite strong economic conditions, department stores like Kohl’s, J. C. Penney, and Macy’s posted disappointing sales during the 2019 holiday shopping period.
Is Macy’s going out of business?
The closures are part of a previously announced plan by Macy’s to shut 125 locations by 2023, which the retailer outlined last February. 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.
The stores are in the San Francisco Bay Area and Southern California. A Bloomingdale’s will also close. All of the closures are slated for spring. (David Allen/Patch) CALIFORNIA — Macy’s plans to close three dozen stores nationwide in 2021, including two in California, according to multiple reports.
Clearance sales at all locations are expected to begin this month and run for eight to 12 weeks, officials said. The closures will leave California with 94 Macy’s stores, according to the company’s store directory:.
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.