Macy's closing about 150 stores

[y_p_w]

I guess it might have a lot to do with the decline of retail. But they're still big into Bloomingdale's, where I suppose they have a different customer base.

But for me, the location that's been reported closing is the Union Square location in San Francisco. That was always a massive location taking up 3/4 of a city block, then taking over a former department store across the street. I actually got my first computer there since they sold computers at some of their bigger stores. It was Macy's first location on the west coast. They've certainly closed several stores previously, but I remember when they still had downtown locations in smaller cities.

Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locations

As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting areas and shoe departments.

apnews.com

 

[dishdude]

I'm shocked they're even still around, the department store model is outdated, to say the least.

 

[Pew]

I'm not surprised. Macys closed their flagship store here on the Magnificient Mile a couple years back and all Carsons has completely disappeared. It's previous parent company of Bon-Ton went BK and got sold off.

 

[PandaBear]

I'm shocked they're even still around, the department store model is outdated, to say the least.

I think the only successful ones are in the high end malls like the San Jose Valley Fair. Macy is sinking with the malls these days.

Their online business is still doing ok, but I don't know if they have the logistics to compete with others like Amazon, Target, Walmart, etc. All of them are successful with online sales and customers these days only care about prices. It is not easy to make a profit with physical stores.

 

[y_p_w]

I'm not surprised. Macys closed their flagship store here on the Magnificient Mile a couple years back and all Carsons has completely disappeared. It's previous parent company of Bon-Ton went BK and got sold off.

I thought the former Marshall Field's flagship is still operating as a Macy's. I went there once in the late 90s. Ironically, I saw a representation of the Chicago skyline made in chocolate, but it was from a chocolatier based in San Francisco. I think at the time, they stopped making Frango there.

 

[Pew]

I thought the former Marshall Field's flagship is still operating as a Macy's. I went there once in the late 90s. Ironically, I saw a representation of the Chicago skyline made in chocolate, but it was from a chocolatier based in San Francisco. I think at the time, they stopped making Frango there.

Negative, the Watertower Place location closed down in 2021. There's still a Macy's at a mall two streets away parallel to the MagMile though.

 

[opus1]

I thought the former Marshall Field's flagship is still operating as a Macy's. I went there once in the late 90s. Ironically, I saw a representation of the Chicago skyline made in chocolate, but it was from a chocolatier based in San Francisco. I think at the time, they stopped making Frango there.

I think you're thinking of the one on State Street, between Washington & Randolph. That's still there, but as Pew said, the Water Tower Place location is closed.

 

[y_p_w]

Negative, the Watertower Place location closed down in 2021. There's still a Macy's at a mall two streets away parallel to the MagMile though.

I looked it up. The place I went to is still open. For now.

https://www.macys.com/stores/il/chicago/state-street_215.html

 

[wpod]

Macys is a high end store in a low end world. Management is the cause of Macys failures other than certain locations

 

[Kira]

It'll be sad to see Macy's Thanksgiving Day Parade terminate in front of an Amazon fulfillment warehouse.

*Select products with the "little sleigh" icon to save on shipping (ha-ha)

 

[nickaluch]

I still visit the Macy's flagship store in Manhattan great mens department.

 

[2strokeNorthstar]

Macys is a high end store in a low end world. Management is the cause of Macys failures other than certain locations

Not very high end. Some of them look like a step above the indoor swap meet.

 

[vavavroom]

I'm proud to say I have never set foot in a Macy's. Isn't Macy's famous for violent runaway floats? Have I been missing out? I have smelled awful perfumes or rather fumes wafting from the Macy's entry into the shopping center,m though. Top-tier vavaroom repellent!

 

[Snagglefoot]

How about Needless Markup? Neumann Marcus. I heard they are down to a few stores.

 

[ATex7239]

All the 70 year old well to do housewives will be devastated.

 

[vavavroom]

How about Needless Markup? Neumann Marcus. I heard they are down to a few stores.

Kiki used to drag me to Neiman Marcus. That girl could shop! Who would have expected a dancer to have such good taste?

 

[Hillbilly Deluxe]

Y'all are all wondering why these large stores, who have expensive wares, are closing in urban areas?


Are you that clueless?

 

[Dave Hess]

I’m a Kohls kind of shopper.

No need for very fancy clothes for me.

 

[Owen Lucas]

I'm shocked they're even still around, the department store model is outdated, to say the least.

Only the strongest of malls and department stores will survive and a lot of that will have to do with location and the people that shop there.

The saddest part about anchor stores like Macy's going out of business is that it usually takes out the entire mall which will then close in a few years. The mall will be torn down and condos put up in it's place. Now you have 3000 new residents overcrowding schools and clogging the streets. The city needs to grow the tax base eh?

The Macy's I go to is pretty nice, recently remodeled, and 99% of the stores in the mall are open. I find Macy's clothes to be well priced and the sales are amazing especially with a Macy's card. I can afford the nice stuff but unless you are buying jeans, I don't see a need to go to Nordstrom's or higher end stores, you're just paying for the label at that point in many cases.

 

[dogememe]

Only the strongest of malls and department stores will survive and a lot of that will have to do with location and the people that shop there.

The saddest part about anchor stores like Macy's going out of business is that it usually takes out the entire mall which will then close in a few years. The mall will be torn down and condos put up in it's place. Now you have 3000 new residents overcrowding schools and clogging the streets. The city needs to grow the tax base eh?

The Macy's I go to is pretty nice, recently remodeled, and 99% of the stores in the mall are open. I find Macy's clothes to be well priced and the sales are amazing especially with a Macy's card. I can afford the nice stuff but unless you are buying jeans, I don't see a need to go to Nordstrom's or higher end stores, you're just paying for the label at that point in many cases.

I think you are right but honestly we need the housing and nobody goes to malls anyway anymore.