Macy's, Inc. will be closing six underperforming stores this spring, including one in California, and opening or renovating nine additional locations, the retailer announced Thursday.
A 158,000-square-foot Macy's store in the Paseo Colorado in Pasadena is on the list of closures, affecting 116 sales associates, according to a company news release.
“We remain committed to operating a successful and growing stores business as part of our company’s Omnichannel strategy for serving customers wherever, whenever and however they prefer to shop,” Karen M. Hoguet, chief financial officer of Macy’s, Inc., said in a statement. “This leads us to open new stores where we see the opportunity to fill gaps in important markets, as well as to make the tough decision to selectively close underperforming stores that no longer meet our performance requirements or where leases are not being renewed.”
The company announced the closures as "a series of normal-course adjustments to its portfolio" that include five Macy's stores and one Bloomingdales's location in Las Vegas, which is part of the Macy's family. In a separate announcement, the retailer said same-store sales were up 4.1 percent in December compared to the same month last year.
Final clearance sales at the closing Macy's stores will begin Monday, Jan. 7 and on Sunday, Jan. 6 at the shuttering Bloomingdale's.
The list of closing stores (number of affected sales associates):
Macy's
- Pasadena, CA (116)
- Belmont, MA (101)
- Downtown Honolulu, HI (91)
- Downtown St. Paul, MN (153)
- Downtown, Houston, TX (138)
Bloomingdale's
- Fashion Show Home Store, Las Vegas, NV (35)
Macy's Inc. also plans to open new California stores: a Macy's in Victorville, to open in the spring with 140 employees and a Bloomingdale's in the Glendale Galleria in Glendale with 175 employees. A replacement Bloomingdale's store is slated to open in the Stanford Shopping Center in Palo Alto in the spring of 2014.
See a full list of planned new stores here.
